GS Finance plans index-linked notes due 2024 tied to S&P, Russell

By Sarah Lizee

Olympia, Wash., June 12 – GS Finance Corp. plans to price 0% index-linked notes due June 28, 2024 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 each index finishes at or above its initial level, the payout at maturity will be par plus between 1.15 and 1.25 times the return of the lesser performing index.

If either index falls by up to 35%, the payout will be par.

Otherwise investors will be fully exposed to the decline of the lesser performing index.

Goldman Sachs & Co. LLC is the agent.

The notes (Cusip: 40056FLU7) will price June 25.

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