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GS Finance to price notes due 2024 linked to Russell 2000, S&P 500
By Angela McDaniels
Tacoma, Wash., Aug. 15 – GS Finance Corp. plans to price 0% notes due Sept. 5, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of each index is greater than or equal to zero, the payout at maturity will be $1,360 per $1,000 principal amount of notes.
If the return of either index is less than zero but the return of each index is greater than or equal to negative 40%, the payout will be par plus the absolute value of the lesser-performing index’s return.
If the return of either index is less than negative 40%, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes are expected to price Aug. 30.
The Cusip number is 40056FY82.
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