GS Finance plans contingent coupon notes linked to Euro Stoxx, Russell

By Angela McDaniels

Tacoma, Wash., July 17 – GS Finance Corp. plans to price contingent coupon notes due July 24, 2022 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

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

Each quarter, the notes will pay a contingent coupon at the rate of 7.8% per year if each index closes at or above its trigger level on the observation date for that quarter. For each index, the trigger level is expected 70% of its initial level and will be set at pricing.

The payout at maturity will be par unless either index finishes below its trigger level, in which case investors will be fully exposed to the decline of the lesser-performing index from its initial level.

Goldman Sachs & Co. is the underwriter.

The notes will price July 19.

The Cusip number is 40054LL93.

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