Goldman Sachs plans six-year contingent coupon notes tied to Russell

By Susanna Moon

Chicago, Nov. 4 – GS Finance Corp. plans to price contingent coupon notes due Nov. 28, 2022 linked to the Russell 2000 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 6.1% to 7.1% if the index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.

The payout at maturity will be par unless the index finishes below the 70% trigger level, in which case investors will be fully exposed to any losses.

Goldman Sachs & Co. is the underwriter.

The notes will price on Nov. 18 and settle on Nov. 28.

The Cusip number is 40054KN69.

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