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GS Finance plans to price notes due 2020 linked to S&P 500 index
By Tali Rackner
Minneapolis, May 18 – GS Finance Corp. plans to price 0% index-linked notes due Nov. 24, 2020 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 par plus the index return, subject to a maximum settlement amount of $1,370 per $1,000 principal amount.
If the index declines by up to 70%, the payout will be par plus the absolute value of the return. Otherwise, investors will be exposed to the index’s decline.
Goldman Sachs & Co. is the underwriter.
The notes will price on May 19 and settle on May 24.
The Cusip number is 40054LCR3.
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