GS Finance to sell digital notes on S&P 500 index, Russell 2000 index

By Tali Rackner

Minneapolis, Aug. 28 – GS Finance Corp. plans to price 0% digital notes due Sept. 29, 2023 linked 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 each index finishes at or above its initial level, the payout at maturity will be the maximum settlement amount, which is expected to be $1,745 to $1,795 per $1,000 of notes and will be set at pricing.

If either index falls by up to 30%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index from its initial level.

Goldman Sachs & Co. is the underwriter.

The notes will price on Sept. 22 and settle on Sept. 29.

The Cusip number is 40054LQF4.

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