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

By Devika Patel

Knoxville, Tenn., Dec. 22 – GS Finance Corp. plans to price index-linked notes due Dec. 30, 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 index return is positive, the payment at maturity will be par plus the greater of the 50% to 55% threshold settlement amount and par plus any gain in the lesser performing index. Investors will receive par plus the absolute value of the 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: 40055AAX5) will price Dec. 26 and settle Dec. 29.

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