Goldman plans four-year contingent coupon callables tied to indexes

By Susanna Moon

Chicago, Oct. 23 – GS Finance Corp. plans to price callable contingent coupon notes due Oct. 31, 2021 linked to 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 monthly coupon at an annual rate of 5% if each underlying index closes at or above its 60% coupon barrier on the observation for that month.

The notes are callable at par on any interest payment date after one year.

The payout at maturity will be par the contingent coupon unless either underlying component finishes below its 60% 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. 26.

The Cusip number is 40054LWS9.

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