Goldman plans autocallable contingent coupon notes tied to indexes

By Susanna Moon

Chicago, Feb. 9 – GS Finance Corp. plans to price autocallable contingent coupon index-linked notes due May 30, 2018 linked to the S&P 500 index and the Russell 2000 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 6% to 7% if each index closes at or above the 70% coupon barrier on the review date for that quarter.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any call observation date from May 2017 to February 2018.

The payout will be par plus the contingent coupon unless either index ever closes below its 70% trigger level during the life of the notes, in which case investors will lose 1% for each 1% decline of the worse performing index.

Goldman Sachs & Co. is the agent.

The notes will price on Feb. 24 and settle on Feb. 28.

The Cusip number is 40054KW69.

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