Goldman Sachs plans contingent coupon callable notes linked to indexes

By Susanna Moon

Chicago, Aug. 4 – Goldman Sachs Group, Inc. plans to price callable contingent coupon notes due Aug. 31, 2019 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 will pay a contingent quarterly coupon at the rate of 5.75% per year if each index closes at or above the 60% barrier level on the determination date for that quarter.

The notes will be callable at par on any quarterly call date after one year.

The payout maturity will be par plus the contingent coupon unless either index finishes below the 60% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

Goldman Sachs & Co. is the underwriter.

The notes will price on Aug. 27 and settle on Aug. 31.

The Cusip number is 38148TBG3.

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