Goldman plans 18-month callable contingent coupon notes on indexes

By Susanna Moon

Chicago, Aug. 3 – GS Finance Corp. plans to price 18-month callable contingent coupon notes linked to the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 10% to 11% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.

The notes will be callable at par plus the contingent coupon on any interest payment date from December 2016 to November 2017.

The payout at maturity will be par plus the contingent coupon unless any index finishes below the 70% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 40054KH66.

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