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Goldman plans trigger callable contingent yield notes tied to indexes
By Susanna Moon
Chicago, Oct. 20 – GS Finance Corp. plans to price trigger callable contingent yield notes due Oct. 29, 2018 linked to the least performing of the S&P 500 index, 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 at an annual rate of 9% to 10% if each index closes at or above its coupon barrier level, 65% of its initial level, on each day during that quarter.
The notes will be callable at par on any coupon payment date beginning April 28, 2017.
The payout at maturity will be par unless any index finishes below its 65% downside threshold level, in which case investors will be fully exposed to any losses of the worst performing index.
Goldman, Sachs & Co. is the agent.
The notes will price on Oct. 21 and settle on Oct. 28.
The Cusip number is 36251U129.
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