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GS Finance plans to price six-year notes linked to S&P 500 index
By Tali Rackner
Norfolk, Va., Jan. 4 – GS Finance Corp. plans to price 0% notes due Jan. 30, 2023 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 flat or positive, the payout at maturity will be the greater of the threshold settlement amount, which is expected to fall between $1,500 and $1,550 and will be set at pricing, and par plus the index return.
Investors will receive par if the index falls by up to 30%.
If the index falls by more than 30%, investors will lose 1% for each 1% decline in the index from its initial level.
Goldman Sachs & Co. is the agent.
The notes will price on Jan. 25 and settle on Jan. 30.
The Cusip number is 40054KSS6.
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