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GS Finance to price index-linked notes due 2022 tied to S&P, Russell
By Sarah Lizee
Olympia, Wash., July 16 – GS Finance Corp. plans to price 0% index-linked notes due Jan. 21, 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 return of each index is greater than or equal to its initial level, the payout will be the greater of par plus the return of the lesser performing index and the threshold settlement amount of $1,270 per $1,000 of notes.
If any index declines by up to 30%, investors will receive par plus the absolute value of the return of the lesser performing index.
If either index falls by more than 30%, investors will be fully exposed to the decline of the worse performing index.
Goldman Sachs & Co. is the agent.
The Cusip number is 40055QN32.
The notes will price on July 18 and settle on July 23.
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