GS Finance eyes callable contingent coupon notes on Nasdaq, Russell, S&P

By Sarah Lizee

Olympia, Wash., Sept. 4 – GS Finance Corp. plans to price callable contingent coupon index-linked notes due March 13, 2023 linked to the least performing of the S&P 500 index, Russell 2000 index and Nasdaq-100 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 monthly coupon at an annualized rate of 10.5% if each index closes at or above its 70% coupon trigger level on the determination date for that period.

The notes may be called at par plus any contingent coupon due at the issuer’s option on any coupon payment date after six months.

Unless any index finishes below its trigger level, 60% of its initial level, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the least-performing index.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Sept. 8.

The Cusip number is 40057CV24.

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