Goldman plans contingent coupon callable notes tied to two indexes

By Susanna Moon

Chicago, Oct. 5 – GS Finance Corp. plans to price callable contingent coupon notes due Oct. 31, 2026 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 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 7.75% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.

The notes will be callable at par on any determination date beginning in October 2017.

The payout at maturity will be par unless either index falls below the 50% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

Goldman Sachs & Co. is the underwriter.

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

The Cusip number is 40054KLT1.

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