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GS Finance plans to price five-year notes on Russell, S&P indexes
By Devika Patel
Knoxville, Tenn., March 20 – GS Finance Corp. plans to price index-linked notes due April 4, 2022 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payment at maturity will be par plus 1.65 times to 1.75 times any gain in the lesser performing index. Investors will receive par if the lesser performing index falls by up to 50% and 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.
The exact terms will be set at pricing.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40054KYV2) will price March 28 and settle March 31.
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