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GS Finance plans index-linked notes tied to S&P 500, Russell 2000
By Sarah Lizee
Olympia, Wash., July 6 – GS Finance Corp. plans to price 0% index-linked notes due in 24 months 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 any gain in the lesser performing index, subject to a maximum return of $1,250 per $1,000 of notes.
Investors will receive par plus 0.5 times 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.
Goldman Sachs & Co. is the agent.
The Cusip number is 40055QMD1.
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