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GS Finance plans leveraged buffered notes due 2021 linked to S&P 500
By Tali Rackner
Norfolk, Va., Feb. 2 – GS Finance Corp. plans to price 0% leveraged buffered notes due Feb. 26, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $1,000 plus 1.05 times to 1.5 times the index return. The exact upside participation rate will be set at pricing.
If the index falls by up to 20%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline beyond the buffer.
Goldman Sachs & Co. is the agent.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will price on Feb. 23 and settle on Feb. 26.
The Cusip number is 40054K2F2.
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