Goldman plans contingent income callable notes tied to three indexes

By Susanna Moon

Chicago, Nov. 9 – GS Finance Corp. plans to price contingent income callable securities due Nov. 15, 2018 linked to the lesser performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, 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 14% if each index closes at or above its downside threshold level, 75% of its initial index level, on the observation day for that quarter.

The notes will be callable at par on any interest payment date beginning May 16, 2017.

The payout at maturity will be par unless any index finishes below its 75% downside threshold, 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 Nov. 11.

The Cusip number is 40054KP91.

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