Goldman Sachs plans absolute return leveraged notes tied to the Dow

By Susanna Moon

Chicago, May 12 – GS Finance Corp. plans to price 0% leveraged notes due May 27, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus 1.32 times to 1.42 times any index gain, with the exact participation rate to be set at pricing.

If the index falls by up to the 70% knock-out level, the payout will be par plus the absolute value of the index return.

Otherwise, investors will be fully exposed to any losses.

Goldman Sachs & Co. is the underwriter.

The notes will price on May 20 and settle on May 27.

The Cusip number is 40054KBK1.

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