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GS Finance plans index-linked notes tied to S&P 500, Russell 2000
By Sarah Lizee
Olympia, Wash., March 27 – GS Finance Corp. plans to price 0% index-linked notes due Jan. 28, 2022 linked to the lesser performing of 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 zero or positive, the payout at maturity will be par plus the return of the lesser performing index, capped at $1,165 to $1,185 per $1,000 note.
Otherwise, investors receive the greater of the minimum settlement amount, $950 per $1,000 note, and par plus the return of the lesser performing index.
Goldman, Sachs & Co. is the agent.
The notes will price on April 25.
The Cusip number is 40056F6F7.
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