GS Finance to price callable contingent coupon notes on Russell, S&P

By Sarah Lizee

Olympia, Wash., March 11 – GS Finance Corp. plans to price callable contingent coupon notes due April 4, 2025 linked to 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 quarterly coupon if each index closes at or above its coupon trigger level, 60% of its initial level, on the observation date for that period. The contingent coupon rate will be an annual rate of 6% and 7%, the exact rate to be determined at pricing.

The notes will be callable at par on any coupon payment date starting after the first year.

The payout at maturity will be par plus any coupon if both indexes finish above 60% of their initial values.

If the either index finishes more than 60% below its initial value, investors will be exposed to the losses of the lesser performing index.

Goldman Sachs & Co. is the underwriter.

The notes will price April 1.

The Cusip number is 40056F3E3.

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