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GS Finance plans to price index-linked notes tied to Euro Stoxx 50
By Tali Rackner
Norfolk, Va., June 14 – GS Finance Corp. plans to price 0% index-linked notes due June 24, 2022 tied to the Euro Stoxx 50 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 100% or 110% of the index return. The exact upside participation rate will be set at pricing.
If the index declines by up to 40%, the payout will be par plus the absolute underlier return. Otherwise, the payout will be par.
Goldman Sachs & Co. is the underwriter.
The notes will price on June 17 and settle on June 24.
The Cusip number is 40054KDC7.
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