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Goldman Sachs plans digital index-linked notes linked to S&P, Russell
New York, March 13 – GS Finance Corp. plans to price digital index-linked notes due March 20, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If both indexes finish at or above their initial levels, the payout at maturity will be the greater of par plus the return of the lesser performing index and par plus 40%.
If either index declines but both finish above at or above 50% of their initial levels the payout at maturity will be par.
Otherwise investors will be exposed to the loss of the lesser performing index from its initial level.
Goldman Sachs & Co. is the underwriter.
The notes will price on March 20 and settle on March 23.
The Cusip is 40055ASP3.
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