Goldman plans contingent coupon callable notes tied to S&P, Russell

By Susanna Moon

Chicago, June 15 – GS Finance Corp. plans to price callable contingent coupon notes due June 30, 2021 linked to the least 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 monthly coupon at an annual rate of 5.35% if each index closes at or above its 60% coupon barrier on the review date for that month.

The notes are callable at par plus the contingent coupon on any review date from June 2018 through May 2021.

The payout at maturity will be par unless either index finishes below its 60% trigger level, in which case investors will lose 1% for each 1% 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 40054LF25.

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