Goldman plans callable contingent coupon notes tied to Russell, S&P

By Lisa Mayntz

Chicago, Jan. 20 – GS Finance Corp. plans to price callable contingent coupon notes due January 2020 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 quarterly coupon at an annual rate of 6.925% to 7.925% if each underlying component closes above its 75% buffer level on each trading day during the observation date for that quarter.

The notes are callable at par on any payment date from July 2017 to December 2019.

The payout at maturity will be par plus the contingent coupon unless any underlying component finishes below its 75% buffer level, in which case investors will lose 1.3333% for each 1% decline beyond 25%.

The notes will be guaranteed by Goldman Sachs Group, Inc.

Goldman, Sachs & Co. is the agent.

The Cusip number is 40054KUJ3.

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