GS Finance plans to price contingent income callable notes on indexes

By Sarah Lizee

Olympia, Wash., Oct. 29 – GS Finance Corp. plans to price contingent income callable securities due Nov. 4, 2021 linked to the least performing of the Euro Stoxx 50 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes pay a contingent coupon at the rate of 8% per year if each index closes at or above its coupon barrier, 70% of its initial level, on each trading day during that quarter.

The notes are callable at par on any quarterly coupon payment date other than the final one.

If each index finishes at or above its downside threshold level, 70% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to decline of the least-performing index from its initial level.

The notes are guaranteed by Goldman Sachs Group Inc.

Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is a dealer.

The notes will price on Oct. 31.

The Cusip number is 40056XLB0.

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