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GS Finance plans to price digital notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Aug. 13 – GS Finance Corp. plans to price 0% digital notes due Sept. 3, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive or zero, the payout at maturity will be par plus the greater of the index return and 55%.
If the index return is negative but not below negative 40%, the payout will be par.
If the index return is below negative 40%, investors will lose 1% for every 1% that the index declines from its initial level.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price Aug. 28.
The Cusip number is 40056FYQ2.
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