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GS Finance eyes leveraged buffered notes on S&P 500 Low Volatility
By Sarah Lizee
Olympia, Wash., Aug. 24 – GS Finance Corp. plans to price 0% leveraged buffered index-linked notes due Aug. 31, 2028 tied to the S&P 500 Low Volatility High Dividend 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 positive, par plus 1.6 times the index gain.
If the index return is flat or falls by up to 30%, investors will receive par. Investors will lose 1% for every 1% decline beyond 30%.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Aug. 26.
The Cusip number is 40057CNH0.
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