Goldman plans four-year contingent coupon callables tied to indexes

By Susanna Moon

Chicago, May 23 – GS Finance Corp. plans to price callable contingent coupon notes due May 30, 2021 linked to the worse performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7.5% if each index closes at or above its 60% coupon barrier on the observation date for that quarter.

The notes are callable at par on any contingent coupon payment date from November 2017 until February 2021.

The payout at maturity will be par plus the contingent coupon unless either index finishes below its 60% trigger level, in which case investors will be fully exposed to the decline of the worse performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the underwriter.

The notes will price on May 24.

The Cusip number is 40054LD43.

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