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GS Finance to price index-linked notes due 2023 tied to Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., May 30 – GS Finance Corp. plans to price 0% index-linked notes due June 29, 2023 linked to the Euro Stoxx 50 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 positive, the payout at maturity will be par plus the index return, subject to a threshold settlement amount of $1,550 to $1,650.
Investors will receive par if the index declines by up to 50% and will lose 1% for each 1% decline beyond 50%.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40055QC67) will price June 26 and settle June 29.
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