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GS Finance plans to price digital index-linked notes on S&P 500
By Sarah Lizee
Olympia, Wash., Aug. 23 – GS Finance Corp. plans to price 0% digital index-linked notes due Sept. 1, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is at least 90% of its initial level, the payout at maturity will be between $1,095 and $1,105 per $1,000 of notes. Investors will lose 1% for every 1% that the index may decline beyond 10%.
Goldman Sachs & Co. is the underwriter.
The notes will price on Aug. 27.
The Cusip number is 40056FXQ3.
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