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Goldman plans five-year leveraged trigger notes tied to S&P, Russell
By Susanna Moon
Chicago, June 20 – GS Finance Corp. plans to price 0% index-linked notes due June 30, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.6 to 1.7 times the gain of the worse performing index.
If either index falls by up to the 50% threshold the payout will be par.
Otherwise, investors will receive par plus the return of the worse performing index with full exposure to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on June 27.
The Cusip number is 40054LFE9.
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