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GS Finance plans bearish leveraged index-linked notes on Nasdaq
By Emma Trincal
New York, April 11 – GS Finance Corp. plans to price 0% bearish leveraged index-linked notes due May 17, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or below its initial level, the payout at maturity will be par plus 185% of the decline of the index.
If the index finishes above its initial level investors will lose 1% for every 1% of index gain.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes are expected to price on April 14 and to settle on April 19.
The Cusip number is 40057RFU7.
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