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GS Finance plans to price buffered digital notes tied to Euro Stoxx
By Sarah Lizee
Olympia, Wash., Sept. 23 – GS Finance Corp. plans to price 0% buffered digital index-linked notes due Sept. 30, 2021 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is greater than or equal to 121% of its initial level, the payout will be par plus 21%.
If the index return is greater than or equal to negative 15% but less than 21%, the payout will be the greater of par plus 21% and par plus the index return.
If the index return is negative and is below negative 15%, investors will lose 1% for every 1% decline beyond 15%.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on Sept. 25.
The Cusip number is 40056XAP1.
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