Goldman plans callable contingent coupon notes tied to index, fund

By Susanna Moon

Chicago, July 20 – GS Finance Corp. plans to price callable contingent coupon notes due July 28, 2020 linked to the lesser performing of the Russell 2000 index and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent semiannual coupon of 8.2% if each underlying component closes at or above its 60% coupon barrier on the observation date for the applicable semiannual period.

The notes are callable at par on any contingent coupon payment date after one year.

The payout at maturity will be par unless either component finishes below its 60% barrier level, in which case investors will be fully exposed to any losses.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The notes will price on July 21.

The Cusip number is 40054LLD4.

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