GS Finance plans callable contingent coupon notes linked to indexes

By Wendy Van Sickle

Columbus, Ohio, Aug. 26 – GS Finance Corp. plans to price callable contingent coupon notes due Sept. 1, 2022 linked to least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annualized rate of 9% if each index closes at or above its barrier level, 70% of its initial level, on the observation date for that quarter.

Beginning in December, the notes will be callable at par on any interest payment date.

The payout at maturity will be par plus the final contingent coupon, if any, unless the return of any index is less than negative 35%, in which case investors will be fully exposed to the decline of the least-performing index.

The notes will be guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

The notes will price Aug. 28.

The Cusip number is 40056X6C5.

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