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Goldman plans five-year absolute return notes tied to S&P, Russell
By Susanna Moon
Chicago, Oct. 23 – GS Finance Corp. plans to price 0% notes due Oct. 31, 2022 linked to the least 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 closes at or above its initial level, the payout at maturity will be par plus 1.35 times to 1.45 times the gain of the worse performing index.
If either index falls but by no more than 50%, the payout will be par plus the absolute value of the return of the worse performing index.
If either index finishes below its 50% trigger level, investors will lose 1% per 1% decline of the worse performing index.
Goldman Sachs Group, Inc. is the guarantor.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Oct. 26.
The Cusip number is 40054LWN0.
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