Goldman plans 7.5%-8.5% contingent coupon callables on Russell, Stoxx

By Susanna Moon

Chicago, Jan. 5 – GS Finance Corp. plans to price callable contingent coupon notes due Jan. 31, 2020 linked to the Russell 2000 index and the Euro Stoxx 50 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 7.5% to 8.5% if each index closes at or above its 75% coupon barrier on the review date for that quarter.

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

The payout at maturity will be par unless either index finishes below its 75% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

The guarantor is Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Jan. 29 and settle on Jan. 31.

The Cusip number is 40055ADN4.

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