Goldman plans 5.1%-6% contingent coupon callables on S&P, Russell

By Susanna Moon

Chicago, May 31 – GS Finance Corp. plans to price callable contingent coupon notes due June 29, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent semiannual coupon at an annual rate of 5.1% to 6% if each index closes at or above its 55% coupon barrier on the observation date for that period.

The notes are callable at par on any review date from December 2018 through December 2021.

The payout at maturity will be par unless either underlying index closes below its 55% 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 June 22 and settle on June 29.

The Cusip number is 40055QB76.

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