Goldman plans contingent coupon callable notes linked to index, fund

By Susanna Moon

Chicago, Oct. 14 – GS Finance Corp. plans to price 36-month callable buffered contingent coupon notes linked to the S&P 500 index and the iShares MSCI Emerging Markets exchange-traded fund, 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 monthly coupon at an annual rate of 8.3% if each component closes at or above its coupon barrier level, 75% of its initial level, on the observation date for that month.

The notes will be callable at par on any determination date beginning in October 2017 up to the coupon payment date in September 2019.

The payout at maturity will be par unless either component falls below the 75% trigger level, in which case investors will lose 1.3333% for each 1% decline of the worse performing component beyond 25%.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 40054KMG8.

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