Goldman plans callable contingent coupon notes tied to three indexes

By Toni Weeks

San Luis Obispo, Calif., April 2 – Goldman Sachs Group, Inc. plans to price callable contingent coupon notes due May 3, 2018 linked to the S&P 500 index, Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying index closes at or above the 60% barrier level on a quarterly review date, the notes will pay a contingent coupon for that quarter at an annualized rate of 7.5%.

If each index finishes at or above the 60% trigger 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.

The notes may be called on any coupon payment date up to the payment date in February 2018.

Goldman Sachs & Co. is the underwriter.

The notes will price April 27 and settle April 30.

The Cusip number is 38147QYP5.

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