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GS Finance plans to price index-linked notes on Nasdaq, Russell
By Sarah Lizee
Olympia, Wash., July 25 – GS Finance Corp. plans to price 0% index-linked notes due Oct. 1, 2020 tied to the Nasdaq-100 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.
A trigger event will occur if either index ever closes below 75% of its initial level on any trading day during the life of the notes.
If a trigger event doesn’t occur, the payout at maturity will be between $1,072 and $1,082 for each $1,000 of notes.
If a trigger event does occur but each index finishes at or above its initial level, the payout will be par.
If a trigger event occurs and either index finishes below its initial level, the payout will be par plus the return of the lesser performing index with full exposure to the decline.
Goldman Sachs & Co. LLC is the agent.
The notes (Cusip: 40056FW35) will price Aug. 27.
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