Goldman plans trigger callable contingent yield notes tied to indexes

By Susanna Moon

Chicago, Dec. 21 – GS Finance Corp. plans to price trigger callable contingent yield notes due Jan. 3, 2019 linked to the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 8.5% if each index closes at or above its coupon barrier, 65% of its initial level, on the observation date for that quarter.

The notes are callable at par on any interest payment date beginning June 30, 2017.

The payout at maturity will be par of $10 unless any index finishes below its 65% downside threshold, in which case investors will be fully exposed to any losses of the worst performing index.

Goldman Sachs & Co. is the underwriter.

The notes will price on Dec. 23.

The Cusip number is 36251U491.

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