GS Finance to price callable contingent coupon notes on SPDR funds

Chicago, Dec. 7 – GS Finance Corp. plans to price callable contingent coupon notes due Dec. 31, 2021 linked to the SPDR S&P Biotech ETF and the SPDR S&P Oil & Gas Exploration & Production ETF, 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 semiannual coupon at an annual rate of 16.75% if both funds close at or above 70% of their respective initial levels on the coupon observation date for that month.

Beginning in June 2019 and ending in June 2021, 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 if each fund closes above its 70% trigger buffer level. Otherwise, investor will receive a return equal to the decline of the lesser performing underlier.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056EML9) will price on Dec. 21 and settle on Dec. 31.

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