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GS Finance to price index-linked notes due 2023 linked to S&P 500
By Sarah Lizee
Olympia, Wash., Sept. 7 – GS Finance Corp. plans to price 0% index-linked notes due Sept. 28, 2023 tied 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 positive, the payout at maturity will be the greater of the threshold settlement amount of $1,300 per $1,000 of notes and par plus the return.
Investors will receive par if the index declines by up to 30% and will lose 1% for each 1% decline of the index from its initial level if the index falls by more than 30%.
Goldman Sachs & Co. is the underwriter.
The notes will price on Sept. 21 and settle on Sept. 28.
The Cusip is 40055QYL0.
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