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Goldman plans five-year absolute return notes tied to S&P 500, Russell
By Susanna Moon
Chicago, April 11 – GS Finance Corp. plans to price 0% index-linked notes due April 28, 2023 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.25 to 1.35 times the gain of the worse performing index.
If either index falls but finishes at or above its 65% knock-out level, the payout at maturity will be par plus the absolute value of the return of the worse performing index.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
The notes will price on April 25 and settle on April 30.
The Cusip is 40055AWA1.
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