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

By Susanna Moon

Chicago, July 28 – GS Finance Corp. plans to price callable contingent coupon index-linked notes due Aug. 16, 2022 linked to the Russell 2000 index and the S&P 500 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 5% if each index closes at or above its 55% coupon barrier on the review date for that quarter.

The notes are callable at par plus the contingent coupon on any quarterly review date from August 2018 to May 2022.

The payout at maturity will be par plus the contingent coupon unless either index finishes below its 55% trigger level, in which case investors will lose 1% for each 1% decline of the worse performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Aug. 11 and settle on Aug. 16.

The Cusip number is 40054LLZ5.

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