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GS Finance intends to price index-linked notes on Russell, S&P
By Sarah Lizee
Olympia, Wash., Nov. 22 – GS Finance Corp. plans to price 0% index-linked notes due Nov. 29, 2024 tied to the Russell 2000 index and 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 each index finishes at or above its initial level, the payout at maturity will be 1.3 times the return of the lesser performing index.
If either index falls by up to 40%, the payout will be par.
If either index falls by more than 40%, investors will lose 1% for every 1% decline of the lesser performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Nov. 25.
The Cusip number is 40056XN69.
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