GS Finance to price callable contingent coupon notes on Microsoft

By Sarah Lizee

Olympia, Wash., July 22 – GS Finance Corp. plans to price callable contingent equity-linked coupon notes due July 29, 2021 linked to the common stock of Microsoft Corp., 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 8.4% if the shares close at or above 75% of the initial level on the coupon payment date for that quarter.

The notes are callable in whole but not in part at par plus any contingent coupon on any coupon payment date.

The payout at maturity will be par plus the final coupon, unless the shares finish below 75% of the initial price, in which case investors will lose 1% for each 1% decline of the stock from the initial price.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056FVG7) will price on July 24.

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