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Goldman plans seven-year trigger notes tied to S&P 500, Russell 2000
By Susanna Moon
Chicago, Nov. 30 – GS Finance Corp. plans to price 0% notes due Dec. 8, 2025 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.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.8 times the gain of the worse performing index.
If either index falls by up to 50%, the payout will be par.
Otherwise, investors will receive the par plus the return of the worse performing index with full exposure to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
The notes will price on Dec. 3.
The Cusip number is 40056EL63.
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