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GS Finance to price five-year index-linked notes tied to the Dow
By Marisa Wong
Morgantown, W.Va., July 7 – GS Finance Corp. plans to price 0% index-linked notes due July 18, 2022 linked to the Dow Jones industrial average, 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 greater than 15%, the payout at maturity will be par plus (a) 15% plus (b) 1.3 times any index gain in excess of 15%.
If the index return is less than or equal to 15% but greater than or equal to negative 30%, the payout will be par plus 15%.
If the index return is less than negative 30%, the payout will be par plus the index return with full exposure to losses.
Goldman, Sachs & Co. is the agent.
The notes will price on July 11.
The Cusip number is 40054LKJ2.
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