GS Finance plans callable contingent coupon notes tied to three indexes

By Sarah Lizee

Olympia, Wash., July 31 – GS Finance Corp. plans to price callable contingent coupon notes due Aug. 8, 2025 linked to the least performing of the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 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 at an annual rate of 8.1% if each index closes at or above 70% of its initial level on the coupon payment date for that quarter.

The notes are callable at par plus any coupon on any coupon payment date.

The payout at maturity will be par unless any index finishes below 60% of its initial level, in which case investors will lose 1% for each 1% loss of the worst performing index from its initial level.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 17327TQV1) will price on Aug. 5.

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