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GS Finance plans leveraged buffered notes due 2021 linked to Stoxx 50
Chicago, Nov. 27 – GS Finance Corp. plans to price 0% leveraged buffered notes due July 8, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 3.3 times any index gain, up to a maximum settlement amount of $1,700 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 10%. If the index declines more than 10% investors will and will lose 1% for each 1% decline beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on Jan. 2, 2019.
The Cusip number is 40056EHF8.
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