Goldman plans callable contingent coupon notes tied to S&P, Russell

By Susanna Moon

Chicago, Oct. 19 – GS Finance Corp. plans to price callable contingent coupon notes due Oct. 28, 2020 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 semiannual coupon at an annual rate of 6.25% if each index closes at or above its coupon barrier level, 55% of its initial level, on the observation date for that period.

The notes will be callable at par plus the contingent coupon on any interest payment date beginning in October 2017.

The payout at maturity will be par unless either index finishes below the 55% 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. 21 and settle on Oct. 28.

The Cusip number is 40054KMP8.

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