GS Finance plans callable contingent coupon notes on three indexes

By Sarah Lizee

Olympia, Wash., March 4 – GS Finance Corp. plans to price callable contingent coupon notes due March 29, 2029 linked to the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

Each quarter, the notes will pay a contingent coupon if each index closes at or above its barrier level, 75% of its initial level, on the observation date for that quarter. The contingent coupon rate will be 8.5% per year for the first 20 payment dates and 10% per year for the remaining payment dates.

Beginning in September, the notes will be callable at par on any interest payment date.

The payout at maturity will be par unless the return of any index is less than 60% of its initial level, in which case investors will be fully exposed to the decline of the worst-performing index.

Goldman Sachs & Co. is the underwriter.

The notes will price March 27.

The Cusip number is 40056EZ27.

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