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Goldman plans leveraged notes with trigger tied to S&P 500, Russell
By Susanna Moon
Chicago, April 10 – GS Finance Corp. plans to price 0% notes due April 28, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.65 times to 1.75 times the return of the worse performing index, with the exact participation rate to be set at pricing.
If either index falls but by no more than 50%, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
Goldman, Sachs & Co. is the agent.
Goldman Sachs Group, Inc. is the guarantor.
The notes will price on April 25 and settle on April 28.
The Cusip number is 40054L4S0.
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