GS to price buffered contingent coupon notes linked to MSCI ACWI, S&P

By Angela McDaniels

Tacoma, Wash., Sept. 19 – GS Finance Corp. plans to price one-year buffered contingent coupon notes linked to the MSCI ACWI ex USA index and the S&P 500 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 contingent coupon at an annual rate of 8.55% if each index’s closing level is greater than or equal to 90% of its initial level on the observation date for that quarter.

The payout at maturity will be par unless the return of either index is less than negative 10%, in which case investors will lose 1% for every 1% that the lesser-performing index declines beyond 10%.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 40054KKF2.

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