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GS Finance to price leveraged buffered notes linked to the Dow
By Sarah Lizee
Olympia, Wash., Aug. 23 – GS Finance Corp. plans to price 0% leveraged buffered notes due Aug. 30, 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus at least 1.23 to 1.28 times the index return.
The exact participation rate will be set at pricing.
Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that the index declines beyond 15%.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on Aug. 27.
The Cusip number is 40056FXR1.
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