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GS Finance plans buffered PLUS due 2020 on Euro Stoxx 50 index
New York, April 3 – GS Finance Corp. plans to price 0% buffered Performance Leveraged Upside Securities due Nov. 4, 2020 linked to the Euro Stoxx 50 index, according to an FWP 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 of $10 plus 225% of the index return.
Investors will receive par if the index declines by up to 10% and will lose 1% for each 1% decline in the index beyond 10%.
Goldman Sachs & Co. is the agent, with Morgan Stanley Wealth Management handling distribution.
The notes are expected to price on April 13 and settle three business days later.
The Cusip is 36254G374.
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