GS Finance plans index-linked notes due 2023 tied to S&P, Russell

By Sarah Lizee

Olympia, Wash., Dec. 7 – GS Finance Corp. plans to price 0% index-linked notes due Dec. 27, 2023 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If both indexes finish at or above their initial levels, the payout at maturity will be par plus 1.3 to 1.4 times the return of the lesser performing index.

If either index falls by up to 50%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the lesser performing index from its initial level if it finishes below 50% of its initial level.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056EKB3) will price Dec. 21.

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