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GS Finance plans to price two-year index-linked notes tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, March 1 – GS Finance Corp. plans to price 0% S&P 500 index-linked notes due March 13, 2018, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above the initial level, the payout at maturity will be the threshold settlement amount of between $1,155 and $1,185 per $1,000 principal amount of notes. The exact threshold will be set at pricing.
If the index falls by up to 20%, the payout will be par. Investors will be fully exposed to the loss if the index falls by more than 20%.
Goldman, Sachs & Co. is the agent.
The notes will price on March 8 and settle on March 11.
The Cusip is 40054K4B9.
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