GS Finance eyes callable contingent coupon notes tied to Russell, S&P

Chicago, Dec. 5 – GS Finance Corp. plans to price callable contingent coupon notes due June 27, 2026 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 be guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent monthly coupon at an annual rate of 4.5% if both indexes close at or above 77.5% of their respective initial levels on the coupon payment date for that month.

Beginning in December 2019 and ending in May 2026, the notes are callable in whole but not in part at par plus any contingent coupon on any coupon payment date.

The payout at maturity will be par plus the final coupon, if any.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056ELE6) will price on Dec. 21 and settle on Dec. 27.

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