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GS Finance plans to price index-linked notes on Dow Jones, Russell 2000 and S&P 500
By Emma Trincal
New York, Aug. 2 – GS Finance Corp. plans to price 0% index-linked notes due Sept. 6, 2024 linked to the least performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be the par plus at least 130% of the return of the least performing index. The exact participation rate will be set at pricing.
If the least performing index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 10%.
Goldman Sachs & Co. LLC is the agent.
The notes are expected to price on Aug. 31 and to settle on Sept. 3.
The Cusip number is 40057J4C7.
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