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Goldman plans callable contingent coupon notes tied to S&P, Russell
By Susanna Moon
Chicago, Dec. 19 – GS Finance Corp. plans to price callable contingent coupon index-linked notes due Dec. 30, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon at an annual rate of 6.5% to 7.5% if each index closes at or above the 50% coupon barrier on a quarterly determination date.
The notes are callable on any coupon payment date from December 2017 until September 2021.
The payout at maturity will be par plus the final coupon unless either index falls below the 50% trigger level, in which case investors will lose 1% for each 1% decline of the worse performing index.
Goldman Sachs & Co. is the agent.
The notes will price on Dec. 27.
The Cusip number is 40054KQM1.
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