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

By Sarah Lizee

Olympia, Wash., July 10 – GS Finance Corp. plans to price 0% index-linked notes due Aug. 4, 2022 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 each index closes at or above its initial level, the payout at maturity will be par plus 1.5 times the return of the lesser performing index, capped at between $1,220 and $1,260 for each $1,000 of notes.

Otherwise, the payout will be par plus the return of the lesser performing index, subject to a minimum payout of 95% of par.

Goldman Sachs & Co. LLC is the agent.

The notes (Cusip: 40056FTA3) will price July 31.

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