Goldman plans contingent coupon callable notes linked to index, fund

By Susanna Moon

Chicago, May 23 – GS Finance Corp. plans to price callable contingent coupon notes due Dec. 1, 2022 linked to the worse performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6.9% to 7.2% if each underlying component closes at or above its 55% coupon barrier on the observation date for that quarter.

The notes are callable at par on any contingent coupon payment date from June 2018 until September 2022.

The payout at maturity will be par plus the contingent coupon unless either component finishes below its 55% downside threshold, in which case investors will be fully exposed to the decline of the worse performing component.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the underwriter.

The notes will price on May 26 and settle on June 1.

The Cusip number is 40054LCW2.

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