GS Finance plans callable contingent coupon notes on indexes, ETF

By Sarah Lizee

Olympia, Wash., Feb. 12 – GS Finance Corp. plans to price callable contingent coupon notes due Feb. 22, 2023 linked to the Nasdaq-100 index, the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes pay a contingent monthly coupon at an annualized rate of 6.4% if each asset closes at or above 60% of its initial level on the observation date.

The notes are callable at par on any monthly call date after one year.

The payout at maturity will be par unless any asset finishes below 60% of its initial level, in which case investors will be fully exposed to the decline of the least performing asset.

Goldman Sachs & Co. is the underwriter.

The notes will price on Feb. 19.

The Cusip number is 40056EXG8.

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