GS Finance plans to issue 0% index-linked notes on S&P, Russell 2000

By Emma Trincal

New York, Jan. 24 – GS Finance Corp. plans to issue 0% index-linked notes due Jan. 24, 2025 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the return of each index is zero or positive, the payout at maturity will be par plus two times the return of the least performing index, subject to a maximum payout of par plus 43%.

If the least performing index falls by up to 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the worst performing index.

Goldman Sachs & Co. LLC is the agent.

The notes were expected to price on Jan. 20 and to settle on Jan. 25.

The Cusip number is 40057KSW4.

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