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GS Finance plans index-linked notes tied to S&P 500, Russell 2000
By Sarah Lizee
Olympia, Wash., Feb. 1 – GS Finance Corp. plans to price 0% index-linked notes due Feb. 29, 2024 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 1.4 to 1.5 times any gain in the lesser performing index.
If the lesser performing index falls by up to 40%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing index.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40056EVC9) will price on Feb. 25.
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