Goldman plans 7.4% contingent coupon callables on S&P, Russell, Stoxx

By Susanna Moon

Chicago, July 30 – GS Finance Corp. plans to price callable contingent coupon notes due Feb. 3, 2022 linked to the worst performing of the Russell 2000 index, the S&P 500 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 7.4% if each index closes at or above its 65% coupon barrier on the observation date for that quarter.

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

The payout at maturity will be par unless either index falls by more than 35%, 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 31.

The Cusip number is 40055QQ88.

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