Goldman plans callable contingent coupon notes linked to two indexes

By Angela McDaniels

Tacoma, Wash., Sept. 4 – Goldman Sachs Group, Inc. plans to price callable contingent coupon notes due Sept. 11, 2019 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annualized rate of 9.05% if each underlying index closes at or above its trigger level, 70% of its initial level, on the review date for that quarter.

If each index finishes at or above its trigger level, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to the decline of the worst-performing index.

Beginning March 11, 2016, the notes may be called at par on any coupon payment date.

Goldman Sachs & Co. is the underwriter.

The notes are expected to price Sept. 8 and settle Sept. 11.

The Cusip number is 38148TEF2.

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