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GS Finance plans to price one-year index-linked notes tied to S&P 500
By Tali Rackner
Norfolk, Va., March 3 – GS Finance Corp. plans to price 0% index-linked notes due March 22, 2017 tied to the S&P 500 index, 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 par plus the index return, subject to a maximum upside settlement amount of $1,100 per $1,000 principal amount.
If the index falls by up to 17%, the payout will be the absolute value of the index return.
Investors will be fully exposed to the loss if the index falls by more than 17%.
Goldman, Sachs & Co. is the agent.
The notes will price on March 4 and settle on March 9.
The Cusip number is 40054K4Y9.
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