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GS Finance plans four-year index-linked notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., June 23 – GS Finance Corp. plans to price 0% index-linked notes due July 1, 2021 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 return is zero or positive, the payout at maturity will be the greater of (a) the threshold settlement amount of $1,250 to $1,290 per $1,000 principal amount and (b) par plus the index return. The exact threshold settlement amount will be set at pricing.
Investors will receive par if the index falls by up to 30% and lose 1% for every 1% decline below the initial level if the index falls by more than 30%.
Goldman Sachs & Co. is the agent.
The notes are expected to price on June 26.
The Cusip number is 40054LDS0.
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