GS Finance plans callable contingent coupon notes on three indexes

By Sarah Lizee

Olympia, Wash., April 8 – GS Finance Corp. plans to price callable contingent coupon notes due April 30, 2029 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 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 coupon at an annualized rate if each index closes at or above its coupon barrier level, 75% of its initial level, on the observation date for that quarter. The coupon will be 8.75% per year for the first 20 coupon payment dates and 10% per year for the remaining coupon payment dates.

The notes will be callable at par on any interest payment date after six months.

The payout at maturity will be par unless the least-performing index finishes below its barrier level, 60% of its initial level, in which case investors will lose 1% for every 1% that the least-performing index declines from its initial level.

Goldman Sachs & Co. LLC is the agent.

The notes will price April 26.

The Cusip number is 40056F7E9.

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