GS Finance plans callable contingent coupon notes on Russell, Stoxx

By Sarah Lizee

Olympia, Wash., Aug. 2 – GS Finance Corp. plans to price callable contingent coupon notes due Feb. 9, 2027 linked to 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.

The notes will pay a contingent quarterly coupon if each index closes at or above its coupon trigger level, 80% of its initial level, on the observation date for that period. The contingent coupon rate will be an annual rate of 7.25%.

The notes will be callable at par on any coupon payment date after one year.

The payout at maturity will be par plus the coupon unless either index finishes below 80% of its initial level, in which case investors will be fully exposed to the decline of the lesser performing index from its initial level.

Goldman Sachs & Co. LLC is the underwriter.

The notes will price Aug. 6.

The Cusip number is 40056FYG4.

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