Goldman plans callable contingent coupon notes tied to Russell, Stoxx

By Marisa Wong

Morgantown, W.Va., Sept. 3 – Goldman Sachs Group, Inc. plans to price callable contingent coupon notes due Sept. 30, 2030 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annualized rate of 11% if each underlying index closes at or above 70% of its initial level on the review date for that quarter.

Goldman may redeem the notes at par plus the coupon on any quarterly coupon payment date.

If each index finishes at or above 50% of its initial level, the payout at maturity will be par plus the contingent coupon, if any. Otherwise, investors will be fully exposed to the decline of the worst performing index.

The estimated initial value of the notes is between $880 and $940 per $1,000 principal amount.

Goldman, Sachs & Co. is the agent.

The notes will price on Sept. 28 and settle on Sept. 30.

The Cusip number is 38148TE96.

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