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Goldman Sachs to price 0% leveraged buffered notes linked to S&P 500
New York, Jan. 28 – Goldman Sachs Group, Inc. plans to price 0% leveraged buffered notes due Feb. 27, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any index gain, subject to a maximum settlement amount of $1,400 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond the 20% buffer.
Pricing is scheduled for Feb. 24 and settlement for Feb. 27.
The estimated initial value of the notes is $900 to $950 per $1,000 principal amount.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38147QTY2.
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