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

By Sarah Lizee

Olympia, Wash., Feb. 1 – GS Finance Corp. plans to price 0% index-linked notes due Dec. 1, 2021 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 final index level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the return of the lesser performing index, subject to a maximum settlement amount of between $1,175 and $1,205 for each $1,000 note.

Otherwise, investors will lose 1% for each 1% decline of the lesser performing index, subject to a minimum settlement amount of $950 for each $1,000 note.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056EWG9) will price on Feb. 25.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.