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GS Finance to price index-linked notes due 2023 tied to S&P, Russell
By Sarah Lizee
Olympia, Wash., Aug. 7 – GS Finance Corp. plans to price 0% index-linked notes due Sept. 6, 2023 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is greater than or equal to its initial level, the payout will be the threshold settlement amount of $1,450 for each $1,000 of notes.
If any index declines by up to 40%, investors will receive par plus the absolute value of the return of the lesser performing index.
If either index falls by more than 40%, investors will be fully exposed to the decline of the worse performing index.
Goldman Sachs & Co. is the agent.
The Cusip number is 40055QSJ2.
The notes will price on Aug. 31 and settle on Sept. 6.
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