GS Finance eyes leveraged buffered notes tied to index, ETF basket

By Wendy Van Sickle

Columbus, Ohio, Jan. 14 – GS Finance Corp. plans to price 0% leveraged buffered notes due Jan. 23, 2023 linked to a basket of two indexes and an ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the iShares MSCI Emerging Markets ETF with a 40% weight and the Russell 2000 index with a 20% weight.

The payout at maturity will be par plus 1.1 times any basket gain.

Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

Goldman Sachs & Co. is the underwriter.

The notes will price on Jan. 18 and settle on Jan. 24.

The Cusip number is 40056ET32.

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