GS Finance plans callable contingent coupon notes tied to Russell, Dow

By Angela McDaniels

Tacoma, Wash., March 1 – GS Finance Corp. plans to price callable contingent coupon notes due March 31, 2019 linked to the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

Each quarter, the notes will pay a coupon at an annualized rate of 8.25% if each index closes at or above its barrier level, 65% of its initial level, on the observation date for that quarter.

The notes will be callable at par on any quarterly observation date.

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

Goldman Sachs & Co. is the underwriter.

The notes are expected to price March 29.

The Cusip number is 40054K4Q6.

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