GS Finance plans market-linked leveraged upside participation notes on S&P

By Emma Trincal

New York, May 19 – GS Finance Corp. plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside principal at risk securities due Dec. 5, 2022 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus 1.25 times any index gain, up to a cap of 14.4% to 16.8%.

If the index falls by up to 15%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the index beyond 15%.

Wells Fargo Securities LLC is the agent.

The notes will price May 29.

The Cusip number is 40057C2P5.

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