Goldman plans contingent coupon callable notes linked to two funds

By Susanna Moon

Chicago, Sept. 20 – GS Finance Corp. plans to price callable contingent coupon notes due Sept. 29, 2019 linked to the least performing of the SPDR S&P Biotech ETF and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10% to 11% if each fund closes at or above its 65% coupon barrier on review date for that quarter.

The notes are callable at par on any interest payment date from March 2018 to June 2019.

The payout at maturity will be par unless either fund finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worse performing fund.

Goldman Sachs Group, Inc. is the guarantor.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Sept. 26.

The Cusip number is 40054LSE5.

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