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GS Finance plans to price index-linked notes tied to S&P 500
By Sarah Lizee
Olympia, Wash., Sept. 26 – GS Finance Corp. plans to price 0% index-linked notes due Oct. 4, 2023 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 par plus the index return.
If the return is zero or negative by up to 30% of the initial level, the payout will be $1,140 per $1,000 of notes.
If the return is negative by more than 30% of the initial level, the payout will be par plus the return of the index with full exposure to the decline.
Goldman Sachs & Co. is the underwriter.
The notes will price Sept. 27.
The Cusip number is 40056XDM5.
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