Goldman plans contingent coupon callable notes linked to indexes

By Susanna Moon

Chicago, Oct. 5 – GS Finance Corp. plans to price callable contingent coupon notes due Oct. 27, 2021 linked to the least performing of 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 semiannual coupon at an annual rate of 11.1% to 12.1% if each underlying index closes at or above its 55% coupon barrier on the observation for that period.

The notes are callable at par on any interest payment date after six months.

The payout at maturity will be par unless either component finishes below its 55% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

Goldman Sachs Group, Inc. is the guarantor.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Oct. 20.

The Cusip number is 40054LUW2.

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