GS Finance to price notes due 2021 linked to Russell 2000, S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 11 – GS Finance Corp. plans to price 0% notes due Nov. 5, 2021 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 par plus the return of the lesser-performing index, subject to a maximum settlement amount that is expected to be at least $1,265 per $1,000 principal amount of notes and will be set at pricing.

If the return of either index is less than zero but the return of each index is greater than or equal to negative 15%, 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 15%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.

The notes will be guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

The notes are expected to price Oct. 31.

The Cusip number is 40056XG83.

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