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GS Finance eyes index-linked notes due 2024 tied to S&P, Russell
By Sarah Lizee
Olympia, Wash., Oct. 25 – GS Finance Corp. plans to price 0% index-linked notes due Oct. 31, 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.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout will be par plus 1.35 times the return of the lesser performing index.
If either index finishes below the initial level by up to 40%, the payout will be par.
If either index finishes below the initial level by more than 40%, 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 will price on Oct. 28.
The Cusip number is 40056XFR2.
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