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GS Finance plans five-year index-linked notes tied to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Aug. 21 – GS Finance Corp. plans to price 0% index-linked notes due Sept. 1, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive or zero, the payout at maturity will be the greater of the threshold settlement amount, $1,600 per $1,000 principal amount, and par plus the index return.
If the index return is negative but not less than negative 30%, the payout will be par.
If the index return is less than negative 30%, investors will be fully exposed to the index decline.
Goldman, Sachs & Co. is the underwriter.
The notes will price on Aug. 28.
The Cusip number is 40054LNV2.
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