Goldman plans 10-year contingent coupon callables on S&P, Russell

By Susanna Moon

Chicago, July 10 – GS Finance Corp. plans to price contingent coupon notes due July 31, 2028 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 8.1% to 9.1% if each index closes at or above its 75% coupon barrier on the observation date for that month.

The notes are callable on any review date after one year.

The payout at maturity will be par unless either index finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

The guarantor is Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The notes will price on July 27.

The Cusip number is 40055QK92.

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