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Goldman plans five-year contingent coupon callables tied to indexes
By Susanna Moon
Chicago, June 14 – GS Finance Corp. callable contingent coupon notes due June 30, 2022 linked to the worse performing of the S&P 500 index and the Russell 2000 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 5% if each index closes at or above its 50% coupon barrier on the observation date for that quarter.
The notes are callable at par on any contingent coupon payment date from June 2018 through March 2022.
The payout at maturity will be par plus the contingent coupon unless either index finishes below its 50% 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. LLC is the agent.
The notes will price on June 27.
The Cusip number is 40054LED2.
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