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Goldman plans callable contingent coupon notes tied to two indexes
By Susanna Moon
Chicago, Jan. 4 – GS Finance Corp. plans to price callable contingent coupon notes due Jan. 27, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent semiannual coupon at an annual rate of 5.5% to 6.5% if each index closes above its 50% coupon barrier level on the observation date for that period.
The notes are callable at par on any semiannual date after one year.
The payout at maturity will be par unless either index finishes below its 50% knock-in level, in which case investors will be fully exposed to the losses of the worse performing index.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will price on Jan. 20 and settle on Jan. 27.
The Cusip number is 40054KTH9.
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