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GS Finance plans buffered digital notes tied to S&P 500, Russell
New York, Aug. 1 – GS Finance Corp. plans to price 0% buffered digital notes due Sept. 8, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the final level of each index is greater than or equal to 80% of its initial level, the payout at maturity will be par plus the return of the lesser-performing index, subject to a minimum payout of $1,250 per $1,000 principal amount of notes.
If either index ends below 80% of its initial level, investors will lose 1% for every 1% that the lesser-performing index declines beyond 20%.
Goldman Sachs & Co. is the underwriter.
The notes will price on Sept. 4 and settle on Sept. 7.
The Cusip number is 40055QS45.
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