GS Finance plans contingent income callables tied to three indexes

By Sarah Lizee

Olympia, Wash., July 26 – GS Finance Corp. plans to price contingent income callable securities due Aug. 4, 2021 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annualized rate of 7.25% if each index closes at or above its 70% coupon barrier on the observation date that quarter.

The notes will be callable at par on any quarterly determination date other than the final date.

The payout at maturity will be par plus the final coupon unless any index finishes below its 70% downside threshold, in which case investors will be fully exposed to the decline of the worst performing index.

Goldman Sachs & Co. LLC is the agent.

The notes will price on July 31.

The Cusip number is 40056FVL6.

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