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GS Finance plans to price index-linked notes due 2022 on Euro Stoxx
By Sarah Lizee
Olympia, Wash., April 4 – GS Finance Corp. plans to price 0% index-linked notes due Oct. 3, 2022 tied 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 above 137.2% of its initial level, the payout at maturity will be $1,372 per $1,000 of notes plus 1.5% for every 1% that the final index level has increased above 137.2% of the initial index level.
If the index return is positive, but not above 137.2% of its initial level, the payout will be $1,372 per $1,000 of notes.
If the index declines by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index beyond 20%.
Goldman Sachs & Co. LLC is the agent.
The notes will price on April 25.
The Cusip number is 40056FB20.
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