GS Finance to sell trigger callable contingent yield notes on indexes

By Devika Patel

Knoxville, Tenn., Feb. 9 – GS Finance Corp. plans to price trigger callable contingent yield notes due Feb. 19, 2019 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 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 8% to 9% if each index closes at or above its trigger level, 65% of its initial level, on each day during the quarterly observation period. The exact coupon will be set at pricing.

Beginning Aug. 17, 2017, the notes will be callable at par plus the coupon, if any, on any quarterly observation date.

The payout at maturity will be par of $10 unless any index finishes below its trigger level, in which case investors will lose 1% for each 1% decline of the worst performing index from its initial level.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 36251U848) will price on Feb. 10 and settle on Feb. 17.

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