Goldman plans six-year contingent coupon notes linked to Russell 2000

By Susanna Moon

Chicago, Oct. 11 – GS Finance Corp. plans to price contingent coupon notes due Oct. 27, 2023 linked to 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 annual rate of 5.9% to 6.9% if the underlying index closes at or above its 70% coupon barrier on the observation for that quarter.

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

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 40054LV50.

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