GS Finance plans to price index-linked notes on S&P, Russell indexes

By Devika Patel

Knoxville, Tenn., July 13 – GS Finance Corp. plans to price index-linked notes due July 29, 2022 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 the lesser performing index finishes at or above its initial level, the payment at maturity will be par plus between 140% and 150% of any gain in the lesser performing index, with the exact participation rate to be set at pricing. Investors will receive par plus the absolute value of the lesser performing index return if the lesser performing index falls by up to 30% and will lose 1% for each 1% decline of the lesser performing index from its initial level if it finishes below 70% of its initial level.

The exact terms will be set at pricing.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40054LJG0) will price July 26 and settle July 31.

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