Goldman plans callable contingent coupon notes linked to two funds

By Susanna Moon

Chicago, April 11 – GS Finance Corp. plans to price callable contingent coupon index-linked notes due April 28, 2019 linked to the lesser 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 annualized rate of 10.5% to 11.5% if each fund closes at or above its 65% coupon barrier on the valuation date for that quarter.

The notes are callable at par plus any contingent coupon due on any interest payment date from October 2017 to January 2019.

The payout at maturity will be par plus the contingent coupon unless either fund finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worse performing fund.

The notes will be guaranteed by Goldman Sachs Group, Inc.

Goldman, Sachs & Co. is the agent.

The notes will price on April 25 and settle on April 28.

The Cusip number is 40054L5X8.

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