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GS Finance plans callable contingent coupon notes linked to S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, Sept. 9 – GS Finance Corp. plans to price callable contingent coupon notes due Sept. 30, 2020 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each quarter, the notes will pay a contingent coupon at an annual rate of 5.75% if each index closes at or above its barrier level, 60% of its initial level, on the observation date for that quarter.
After one year, the notes will be callable at par plus the coupon, if any, on any interest payment date.
The payout at maturity will be par plus the final coupon, if any.
Goldman Sachs & Co. is the underwriter.
The notes will price Sept. 28.
The Cusip number is 40054KJQ0.
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