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GS Finance to price callable contingent coupon notes on Russell, S&P
New York, April 12 – GS Finance Corp. plans to price callable contingent coupon notes due April 26, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes pay a contingent monthly coupon at an annual rate of 5.5% if each index closes at or above 60% of its initial level on the related quarterly observation date.
GS Finance may call the notes at par on any coupon payment date starting in April 2019.
The payout at maturity will be par plus the final coupon unless either index declines by more than 40%, in which case investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
Goldman Sachs & Co. is the underwriter.
The notes will price on April 23 and settle on April 26.
The Cusip number is 40055AY50.
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