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GS Finance plans leveraged notes due 2022 linked to S&P 500 index
By Sarah Lizee
Olympia, Wash., Aug. 6 – GS Finance Corp. plans to price 0% leveraged notes due Feb. 11, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by the Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 1.056 times the index return.
If the index declines but by no more than 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the index from its initial level.
Goldman Sachs & Co. is the agent.
The notes will price on Aug. 8 and settle on Aug. 13.
The Cusip is 40055QT28.
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