GS Finance to price contingent income callable notes linked to indexes

By Susanna Moon

Chicago, July 21 – GS Finance Corp. plans to price contingent income callable securities due July 26, 2018 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.

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

The notes will pay a contingent quarterly coupon at an annual rate of 7% if each index closes at or above its downside threshold level, 68.5% of its initial index level, on each day during that quarter.

The notes will be callable at par on any interest payment date from Oct. 27, 2016 to April 26, 2018.

The payout at maturity will be par unless any index finishes below its 68.5% downside threshold level, in which case investors will be fully exposed to any losses of the worst performing index.

Goldman Sachs & Co. is the underwriter. Morgan Stanley Wealth Management is the dealer.

The notes will price on July 22.

The Cusip number is 40054KGC4.

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