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

By Susanna Moon

Chicago, April 6 – GS Finance Corp. plans to price callable contingent coupon index-linked notes due April 28, 2022 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 annualized rate of 6.2% to 7.2% if each index closes at or above its 50% coupon barrier on the valuation date for that quarter.

The notes are callable at par plus any contingent coupon due on any interest payment date after one year until January 2022.

The payout at maturity will be par plus the contingent coupon unless either index finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

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

Goldman, Sachs & Co. is the agent.

The notes will price on April 25 and settle on April 28.

The Cusip number is 40054L4N1.

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