Goldman plans 7%-12% contingent coupon callables tied to S&P 500

By Susanna Moon

Chicago, July 11 – GS Finance Corp. plans to price contingent coupon notes due July 31, 2033 linked to 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 if the index closes at or above its 75% coupon barrier on the observation date for that month. The contingent coupon will be 7% for the first 84 coupon payment dates and 12% for the final 96 coupon payment dates.

The notes are callable on any review date after six months.

The payout at maturity will be par unless the index finishes below its 50% trigger level, in which case investors will be fully exposed to any losses.

The guarantor is Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The notes will price on July 27.

The Cusip number is 40055QL42.

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