Goldman plans trigger phoenix callable notes tied to three indexes

By Marisa Wong

Morgantown, W.Va., Aug. 26 – Goldman Sachs Group, Inc. plans to price trigger phoenix callable optimization securities due Sept. 4, 2019 linked to the S&P 500 index, the Russell 2000 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its barrier level, 60% of its initial level, on a quarterly observation date, the issuer will pay a contingent coupon of 2.35% for that quarter. Otherwise, no coupon will be paid that quarter.

The notes are callable on any coupon payment date.

If the notes are not called, the payout will be par plus the contingent coupon unless any index falls by more than 40%, in which case investors will be exposed to the decline of the worst-performing index from its initial level.

Goldman Sachs & Co. is the agent.

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

The Cusip number is 38148X266.

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