Goldman plans callable contingent coupon notes tied to three indexes

By Susanna Moon

Chicago, May 20 – GS Finance Corp. plans to price callable contingent coupon notes due May 29, 2019 linked to the least performing of 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 will be guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 8.7% if each index closes at or above its coupon barrier level, 60% of its initial level, on the determination date for that quarter.

The notes are callable at par plus the contingent coupon on any coupon payment date from August to February 2019.

The payout at maturity will be unless any index finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

Goldman, Sachs & Co. is the agent.

The notes will price on May 23 and settle on May 26.

The Cusip number is 40054KCS3.

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