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GS Finance intends to price index-linked notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., Aug. 14 – GS Finance Corp. plans to price 0% index-linked notes due Aug. 23, 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 both indexes finish positive, the payout at maturity will be par plus 1.625 times the return of the lesser performing index.
If either index falls by up to 20%, the payout will be par plus 20%.
If either index falls by more than 20% but not by more than 30%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
The notes (Cusip: 40056X3J3) will price on Aug. 20.
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