Goldman plans callable contingent coupon notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 10 – GS Finance Corp. plans to price callable contingent coupon index-linked notes due March 1, 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 be guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent semiannual coupon at an annualized rate from 5.4% to 6.35% if each index closes at or above its coupon trigger level, 50% of its initial level, on the valuation date for that period.

The notes may be called at par plus any contingent coupon due on any coupon payment date.

If the notes are not called and the final level of each index is greater than or equal to its 50% trigger level, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to the decline of the worse performing index.

Goldman, Sachs & Co. is the agent.

The notes will price on Feb. 17 and settle on Feb. 23.

The Cusip number is 40054KUZ7.

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