Goldman plans 7.1%-8% contingent coupon callables on Russell, S&P

By Susanna Moon

Chicago, Aug. 3 – GS Finance Corp. plans to price callable contingent coupon notes due Sept. 9, 2024 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 semiannual coupon at an annual rate of 7.1% to 8% if each index closes at or above its 60% coupon barrier on the observation date for that period.

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

The payout at maturity will be par unless either index finishes below its 60% 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 Sept. 4.

The Cusip number is 40055QQ70.

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