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GS Finance intends to price index-linked notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., Aug. 15 – GS Finance Corp. plans to price 0% index-linked notes due Oct. 1, 2020 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.
A trigger event will occur if either index closes below 70% of its initial level on any day during the life of the notes.
If a trigger event has not occurred, the payout at maturity will be $1,085 for each $1,000 face amount of notes.
If a trigger event has occurred but both indexes close at or above their initial levels, 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: 40056X4B9) will price on Aug. 28.
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