Goldman plans callable contingent coupon notes on Russell, S&P 500

By Wendy Van Sickle

Columbus, Ohio, Dec. 3 – Goldman Sachs Group, Inc. plans to price callable contingent coupon index-linked notes due Dec. 31, 2019 tied to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6.4% if both indexes close at or above 60% of their initial levels on the determination date for that quarter.

The notes will be callable, in whole but not in part, at par on any coupon payment date beginning Dec. 31, 2016.

The payout at maturity will be par plus the contingent coupon if both indexes finish at or above 60% of their initial levels. Otherwise investors will be fully exposed to the loss of the lesser performing index.

Goldman Sachs & Co. is the agent.

The notes will price on Dec. 29 and settle on Dec. 31.

The Cusip number is 38148TK81.

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