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

By Devika Patel

Knoxville, Tenn., July 27 – GS Finance Corp. plans to price index-linked notes due July 31, 2020 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.

The payment at maturity will be par plus 1.22 times any gain in the lesser performing index, subject to a maximum settlement amount of $1,244 per $1,000 of notes. Investors will receive the absolute value of the return if the lesser performing index falls by up to 39% and will lose 1% for each 1% decline of the lesser performing index from its initial level if it finishes below 61% of its initial level.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40054LM27) will price July 28 and settle Aug. 2.

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