GS Finance to price callable contingent coupon notes on Russell, Stoxx

By Wendy Van Sickle

Columbus, Ohio, Jan. 11 – GS Finance Corp. plans to price callable contingent coupon notes due Jan. 23, 2023 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 7% if both indexes close at or above 60% of their respective initial levels on the coupon determination date for that quarter.

Beginning in January 2019, the notes are callable in whole but not in part at par plus any contingent coupon on any coupon payment date.

The payout at maturity will be par plus the final coupon unless either index finishes below 60% of its initial level, in which case investors will lose 1% for each 1% decline of the worst performing index from its initial level.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40055AFB8) will price on Jan. 18 and settle on Jan. 23.

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