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

By Sarah Lizee

Olympia, Wash., Feb. 6 – GS Finance Corp. plans to price 0% index-linked notes due March 4, 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.

If the final index level of each index is greater than or equal to its initial level, the payout at maturity will be the threshold settlement amount, $1,385 per $1,000 of notes.

If the lesser performing index falls by up to 40%, the payout will be par plus the absolute value of the return of the lesser performing index.

Otherwise, investors will lose 1% for each 1% decline of the lesser performing index.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056EX86) will price on Feb. 28.

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