Goldman plans 11.3%-13.3% contingent coupon callables tied to indexes

By Susanna Moon

Chicago, Aug. 4 – GS Finance Corp. plans to price callable contingent coupon notes due Aug. 25, 2020 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 pay a contingent quarterly coupon at an annual rate of 11.3% to 13.3% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes are callable at par on any quarterly call observation date after one year.

The payout at maturity will be par unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the underwriter.

The notes will price on Aug. 18 and settle on Aug. 25.

The Cusip number is 40054LMU5.

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