The Goldman Sachs Group Inc., Visa Inc. and Nike Inc. will join the Dow Jones Industrial Average as its new components, the S&P Dow Jones Indices said Tuesday in a statement.

According to the statement, investment bank Goldman Sachs Group will replace Bank of America Corp., credit card company Visa will replace tech company Hewlett-Packard Co. and sportswear company Nike will replace aluminum giant Alcoa Inc. in the blue-chip Dow after the close of trading on Sept. 20, the statement said.

"The changes will be effective with the opening of trading on Monday, Sept. 23," the statement said.

"The index changes were prompted by the low stock price of the three companies slated for removal and the Index Committee's desire to diversify the sector and industry group representation of the Index," the statement noted.

However, "the changes won't cause any disruption in the level of the Index," S&P Dow Jones Indices stressed in the statement. "The divisor used to calculate the Dow from its components' prices on their respective home exchanges will be changed prior to the opening on Sept. 23," it added.

This procedure prevents any distortion in the Dow's reflection of the U.S. stock market, said the statement.

The Goldman Sachs Group, headquartered in New York, provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide.

Visa, headquartered in San Francisco, is a payments technology company that engages in the operation of retail electronic payments network worldwide.

Nike, headquartered in Beaverton, Oregon, engages in the design, development, marketing and sale of athletic footwear, apparel, equipment and accessories.