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GS Finance plans to price five-year capped notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Feb. 15 – GS Finance Corp. plans to price 0% notes due Feb. 24, 2022 linked 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 return is zero or positive, the payout at maturity will be the greater of the threshold settlement amount of $1,390 per $1,000 principal amount and par plus the index return.
If the index return is negative but not less than negative 30%, the payout will be par.
If the index falls by more than 30%, investors will be fully exposed to the decline below the initial level.
Goldman Sachs & Co. is the agent.
The notes will price on Feb. 16.
The Cusip number is 40054KWV4.
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