GS Finance to price callable contingent coupon notes on index, ETF

By Sarah Lizee

Olympia, Wash., Oct. 16 – GS Finance Corp. plans to price callable contingent coupon notes due Oct. 26,2021 linked to the least performing of the Euro Stoxx 50 index and the SPDR S&P Oil & Gas Exploration & Production ETF, 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 7.75% if each asset closes at or above 60% of their respective initial levels on the coupon payment date for that period.

Beginning in April 2019 and ending in July 2021, the notes are callable in whole at par plus the contingent coupon on any coupon payment date.

The payout at maturity will be par plus the final coupon, if any, unless either asset finishes below 60% of its initial level, in which case investors will lose 1% for each 1% loss of the worst performing asset.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056EA99) will price on Oct. 19 and settle on Oct. 26.

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