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GS Finance intends to sell notes linked to the Dow, Nasdaq-100 index
By Devika Patel
Knoxville, Tenn., June 30 – GS Finance Corp. intends to price 0% notes due Aug. 4, 2022 linked to the least performing of the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final value of each index is positive, the payout at maturity will be $1,240 per $1,000 of notes.
If the lesser-performing index declines by up to 30%, the payout at maturity will par.
If the lesser-performing index declines by more than 30%, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40057CDM0) will price on July 31 and settle on Aug. 5.
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