Goldman plans callable contingent coupon notes tied to three indexes

By Jennifer Chiou

New York, May 5 - Goldman Sachs Group, Inc. plans to price callable contingent coupon notes due May 30, 2017 linked to the S&P 500 index, Russell 2000 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon if each index closes at or above 65% of its respective initial level on the related coupon determination date. For each $1,000 principal amount of notes, the contingent coupon will be $19.625, or 1.9625%.

The notes are callable on any interest payment date up to and including February 2017.

If the notes have not been called and the return of each index is greater than or equal to negative 35%, the payout at maturity will be par plus the 1.9625% contingent coupon.

If the return of any index is less than negative 35%, investors will receive par plus the return of the lesser-performing index, with full exposure to losses.

The notes (Cusip: 38147Q4Q6) are expected to price on May 27 and settle on May 30.

Goldman Sachs & Co. is the underwriter.

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