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Goldman plans trigger callable contingent yield notes tied to indexes
By Marisa Wong
Morgantown, W.Va., Jan. 19 – GS Finance Corp. plans to price trigger callable contingent yield notes due Jan. 29, 2019 linked to the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 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 9% to 10% if each index closes at or above its coupon barrier, 65% of its initial level, on a quarterly observation date.
The notes are callable at par on any interest payment date beginning July 27, 2017.
The payout at maturity will be par of $10 unless any index finishes below its 65% downside threshold, in which case investors will be fully exposed to any losses of the worst performing index.
Goldman Sachs & Co. is the underwriter.
The notes will price on Jan. 20.
The Cusip number is 36251U749.
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