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GS Finance plans callable contingent coupon notes on three indexes
New York, June 1 – GS Finance Corp. plans to price 10.1% to 11.1% callable contingent coupon notes due June 29, 2028 linked to the least performing of the Russell 2000 index, the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon at an annual rate of 10.1% to 11.1% if all the indexes close at or above 75% of their initial levels on the coupon determination date for that period. The exact coupon will be set at pricing.
Starting in December 2018, GS Finance may call the notes in whole but not in part at par plus any contingent coupon on any coupon payment date.
The payout at maturity will be par plus any final coupon unless any index finishes below 60% of its initial level, in which case investors will lose 1% for each 1% decline of the worst performing index from its initial level.
Goldman Sachs & Co. is the agent.
The notes will price on June 27 and settle on June 29.
The Cusip number is 40055QDN9.
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