Goldman plans 7%-12% contingent coupon callables tied to S&P, Russell

By Susanna Moon

Chicago, Sept. 13 – GS Finance Corp. plans to price callable contingent coupon notes due Sept. 28, 2028 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 quarterly coupon at an annual rate if each index closes at or above its 75% coupon barrier on the observation date for that quarter. The contingent coupon will be 7% for the first 20 payment dates, stepping up to 8.5% for the next 12 payment dates and to 12% for the final eight payment dates.

The notes are callable at par on any interest payment date after one year.

The payout at maturity will be par unless either index closes below its 50% 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. 26.

The Cusip number is 40055QXG2.

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