GS Finance eyes callable contingent coupon notes due 2020 tied to BofA

By Sarah Lizee

Olympia, Wash., Oct. 17 – GS Finance Corp. plans to price callable contingent coupon equity-linked notes due Oct. 22, 2020 linked to the common stock of Bank of America Corp., 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 annualized rate of 10.05% if the stock closes at or above the 75% coupon barrier on the observation date for that quarter.

GS Finance may redeem the notes in whole but not in part at par on each coupon payment date beginning January 2019 and ending July 2020.

The payout at maturity will be par unless the underlying stock finishes below its 75% trigger level, in which case investors will be fully exposed to any losses.

Goldman Sachs & Co. is the underwriter.

The notes will price on Oct. 18 and settle on Oct. 23.

The Cusip number is 40056EBJ6.

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