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GS Finance plans autocallable index-linked notes tied to Russell, S&P
By Sarah Lizee
Olympia, Wash., Aug. 25 – GS Finance Corp. plans to price 0% autocallable index-linked notes due Sept. 2, 2022 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on the annual call date, Aug. 26, 2021, the notes will be called at par plus at least 7%.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 1.25 times the return of the lesser performing index.
If either index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the lesser performing index beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Aug. 26.
The Cusip number is 40057CLF6.
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