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GS Finance plans notes linked to S&P 500, Dow Jones industrial average
By Angela McDaniels
Tacoma, Wash., May 21 – GS Finance Corp. plans to price 0% notes due May 29, 2024 linked to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the return of each index is greater than or equal to zero, the payout at maturity will be par plus 1.15 times the return of the lesser-performing index.
If the return of either index is less than zero but the return of each index is greater than or equal to negative 30%, the payout will be par.
If the return of either index is less than negative 30%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 30%.
Goldman Sachs & Co. LLC is the underwriter.
The notes are expected to price May 23.
The Cusip number is 40056FJL0.
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