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GS Finance to price leveraged buffered notes on iShares MSCI EM ETF
By Wendy Van Sickle
Columbus, Ohio, Feb. 11 – GS Finance Corp. plans to price 0% 24- to 27-month leveraged buffered notes linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by the Goldman Sachs Group, Inc.
If the fund return is positive, the payout at maturity will be par plus 3 times the return, subject to a maximum settlement of $1,282 to $1,330 per $1,000 principal amount. The exact cap will be set at pricing.
If the fund falls by up to 10%, the payout at maturity will be par. Otherwise, investors will lose 1.1111% for every 1% decline beyond the buffer.
Goldman Sachs & Co. is the agent.
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