Goldman plans contingent income callable notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Dec. 6 – GS Finance Corp. plans to price contingent income callable securities due Dec. 13, 2018 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 9.1% if each index closes at or above its downside threshold level, 65% of its initial index level, each day that quarter.

The notes will be callable at par on any interest payment date from June 14, 2017 to Sept. 13, 2018.

The payout at maturity will be par unless either index finishes below its downside threshold level, in which case investors will be fully exposed to any losses of the worse performing index.

Goldman Sachs & Co. is the underwriter. Morgan Stanley Wealth Management is the dealer.

The notes will price on Dec. 9.

The Cusip number is 40054KRM0.

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