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GS Finance plans to price one-year notes linked to S&P 500 index
By Marisa Wong
Morgantown, W.Va., Feb. 8 – GS Finance Corp. plans to price 0% notes due Feb. 28, 2018 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 zero or positive, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,070 per $1,000 principal amount.
If the index return is negative but the index finishes at or above 85.45% of the initial level, the payout will be par plus the absolute value of the index return. Otherwise, investors will be fully exposed to the index decline.
Goldman Sachs & Co. is the underwriter.
The notes will price on Feb. 10.
The Cusip number is 40054KWK8.
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