GS Finance to price index-linked notes linked to S&P, Dow, Russell

By Sarah Lizee

Olympia, Wash., Aug. 16 – GS Finance Corp. plans to price 0% index-linked notes due Aug. 25, 2021 tied to the S&P 500 index, the Dow Jones Industrial Average 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 $1,365 per $1,000 of notes.

If any index declines by up to 30%, investors will receive par.

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 40055QTV4.

The notes will price on Aug. 20 and settle on Aug. 23.

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