Goldman plans contingent coupon callable notes tied to two funds

By Susanna Moon

Chicago, Oct. 16 – GS Finance Corp. plans to price callable contingent coupon notes due Feb. 3, 2019linked to least performing of the SPDR S&P Biotech exchange-traded fund and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 11.5% to 12.5% if each underlying fund closes at or above its 70% coupon barrier on the observation for that quarter.

The notes are callable at par on any interest payment date after six months.

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

Goldman Sachs Group, Inc. is the guarantor.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Oct. 31.

The Cusip number is 40054LWX8.

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