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GS Finance plans to price index-linked notes on Russell, S&P MidCap
By Sarah Lizee
Olympia, Wash., Aug. 26 – GS Finance Corp. plans to price 0% index-linked notes due Sept. 2, 2025 tied to the Russell 2000 index and the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes flat or positive, the payout will be par plus 103% of the gain of the lesser performing index.
If either index falls by up to 20%, the payout will be par plus the absolute value of the lesser performing index return.
If either index falls by more than 20%, investors will be exposed to the decline of the lesser performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Aug. 27.
The Cusip number is 40057CPP0.
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