Goldman plans callable contingent coupon notes tied to S&P 500, Russell

By Susanna Moon

Chicago, Jan. 8 – Goldman Sachs Group, Inc. plans to price callable contingent coupon notes due Jan. 30, 2024 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying index closes at or above the 60% coupon barrier level on a quarterly review date, the notes will pay a coupon at an annualized rate of 7.1% for that interest period.

The notes will be callable at par plus the coupon on any quarterly determination date after one year.

If each index finishes at or above the 60% coupon barrier level, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be fully exposed to any losses of the worst performing index.

Goldman Sachs & Co. is the agent.

The notes will price on Jan. 27 and settle on Jan. 30.

The Cusip number is 38147QRM0.

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