GS Finance plans to price leveraged buffered notes due 2021 on Stoxx

By Sarah Lizee

Olympia, Wash., Sept. 5 – GS Finance Corp. plans to price 0% leveraged buffered notes due March 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filed 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 plus 2 times the return, capped at $1,600 to $1,630 for each $1,000 of notes. The exact cap will be set at pricing.

If the index falls by up to 10%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline beyond the 10% buffer.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40055QWC2) will price on Sept. 25 and settle on Sept. 28.

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