GS Finance to price index-linked notes linked to Nasdaq, Russell

By Sarah Lizee

Olympia, Wash., Sept. 23 – GS Finance Corp. plans to price 0% index-linked notes due Oct. 29, 2020 linked to the lesser performing of the Nasdaq-100 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.

A trigger event will occur if on any day during the life of the notes either index closes below 75% of its initial level.

If a trigger event doesn’t occur, the payout at maturity will be par plus 9.25%.

If a trigger event does occur but both indexes finish at or above their initial levels, the payout will be par.

If a trigger event does occur and either index finishes below its initial level, the payout will be par plus the return of the lesser performing index with full exposure to the decline.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Sept. 25.

The Cusip number is 40056X7F7.

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