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GS Finance to price three-year index-linked notes on S&P 500
By Marisa Wong
Morgantown, W.Va., May 29 – GS Finance Corp. plans to price 0% index-linked notes due June 4, 2021 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 par plus the index return.
If the index falls but finishes at or above 79% to 82% of the initial level, the payout will be par plus the absolute value of the index return. The exact knock-out level will be set at pricing.
If the index falls by more than the 18% to 21% knock-out amount, the payout will be par plus the index return with full exposure to losses.
Goldman, Sachs & Co. LLC is the agent.
The notes will price on May 30.
The Cusip number is 40055QBP6.
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