GS Finance plans trigger callable contingent yield notes on indexes

By Sarah Lizee

Olympia, Wash., Oct. 12 – GS Finance Corp. plans to price 8.95% trigger callable contingent yield notes due April 14, 2022 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

Each quarter, the notes will pay a contingent coupon at an annual rate of 8.95% if each index closes at or above its 65% coupon barrier on the observation date for that quarter.

Starting Jan. 14, 2019, GS Finance may call the notes at par of $10 on any coupon payment date.

The payout at maturity will be par unless any index finishes below its 60% downside threshold level, in which case investors will be fully exposed to the decline of the least performing index.

Goldman Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.

The notes will price on Oct. 17 and settle on Oct. 22.

The Cusip number is 36256M320.

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