GS Finance plans contingent income callable securities on three indexes

By Wendy Van Sickle

Columbus, Ohio, May 5 – GS Finance Corp. plans to price contingent income callable securities due Feb. 9, 2018 linked to the worst performing of the Euro Stoxx 50 index, the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if each of the indexes closes at or above the 60% downside threshold level on the observation date for that quarter.

The notes will be callable at par an any coupon payment date.

The payout at maturity will be par plus the final coupon unless any index finishes below the downside threshold level, in which case investors will be fully exposed to the decline of the worst performing index.

Goldman Sachs & Co. is the agent with Morgan Stanley Wealth Management handling distribution.

The notes (Cusip: 40054KCC8) will price on May 6.

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