Goldman plans 7%-14% contingent coupon callables on Russell, S&P

By Susanna Moon

Chicago, July 17 – GS Finance Corp. plans to price callable contingent coupon notes due July 31, 2028 linked to the 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 quarterly coupon at an annual rate if each index closes at or above its 70% coupon barrier on the observation date for that quarter. The contingent coupon will be 7% for the first 20 payment dates and 14% for the final 20 payment dates.

The notes are callable on any review date after one year.

The payout at maturity will be par unless either index finishes 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 July 27.

The Cusip number is 40055QM25.

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