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Goldman plans absolute return notes due 2023 tied to S&P 500, Russell
By Susanna Moon
Chicago, Jan. 10 – GS Finance Corp. plans to price 0% index-linked notes due Jan. 31, 2023 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.2 times to 1.3 times the gain of the worse performing index.
If either index falls by up to the 65% barrier level, the payout will be par plus the absolute value of the worse performing index.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman, Sachs & Co. is the agent.
The notes will price on Jan. 26.
The Cusip number is 40055AEJ2.
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