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Goldman plans 6.6%-7.6% contingent coupon callables on two indexes
By Susanna Moon
Chicago, May 9 – GS Finance Corp. plans to price callable contingent coupon notes due May 31, 2028 linked to the lesser 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 6.6% to 7.6% if each index closes at or above its 55% coupon barrier on the observation date for that quarter.
The notes are callable at par on any review date after one year.
The payout at maturity will be par unless either index closes below its 55% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on May 29 and settle on May 31.
The Cusip number is 40055Q2Z4.
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