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GS Finance plans notes with contingent fixed return linked to S&P 500
By Angela McDaniels
Tacoma, Wash., March 1 – GS Finance Corp. plans to price 0% notes due March 25, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is greater than or equal to zero, the payout at maturity will be par plus the greater of 65% and the index return. If the index return is negative but not below negative 30%, the payout will be par. If the index is below negative 30%, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Goldman Sachs & Co. is the underwriter.
The notes will price March 18.
The Cusip number is 40054K4G8.
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