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Goldman plans callable contingent coupon notes linked to two indexes
By Susanna Moon
Chicago, Dec. 20 – 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 7.1% if each index closes at or above the 60% coupon barrier level on the review date for that quarter.
The notes are callable at par on any interest payment date beginning in December 2017 up to the payment date in September 2021.
The payout at maturity will be par plus the contingent coupon unless either index finishes below its 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 and settle on Dec. 30.
The Cusip number is 40054KSA5.
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