Goldman plans 9.45% contingent coupon callables tied to three stocks

By Susanna Moon

Chicago, Jan. 17 – GS Finance Corp. plans to price callable contingent coupon notes due Jan. 26, 2022 linked to the common stocks of American Express Co., Nike, Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 9.45% if each stock closes at or above its 60% coupon barrier on the review date for that month.

The notes are callable at par on any interest payment date after six months.

The payout at maturity will be par unless any stock finishes below its 60% barrier level, in which case investors will be exposed to any losses of the worst performing stock.

The guarantor is Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Jan. 19 and settlement on Jan. 26.

The Cusip number is 40055AFA0.

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