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GS Finance plans to price index-linked notes due 2024 tied to Stoxx
By Sarah Lizee
Olympia, Wash., Oct. 12 – GS Finance Corp. plans to price 0% index-linked notes due Oct. 24, 2024 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 greater than or equal to 80% of its initial level, the payout at maturity will be par plus the greater of the return and 77%.
If the index declines by more than 20%, investors will lose 1% for every 1% that the index has declined below the initial level.
Goldman Sachs & Co. is the underwriter.
The notes will price on Oct. 17 and settle on Oct. 24.
The Cusip number is 40056EA40.
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