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GS Finance to price index-linked notes due 2024 tied to S&P 500
By Marisa Wong
Morgantown, W.Va., Jan. 31 – GS Finance Corp. plans to price 0% index-linked notes due Feb. 26, 2024 linked to 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 index return is zero or positive, the payout at maturity will be the greater of the threshold settlement amount, expected to be between $1,320 and $1,370 per $1,000 principal amount, and par plus the index return.
If the index return is negative but not less than negative 30%, the payout will be par. Otherwise, investors will be fully exposed to the index decline from the initial level.
Goldman, Sachs & Co. is the agent.
The notes will price on Feb. 16.
The Cusip number is 40055AGN1.
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