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GS Finance plans leveraged Motif Capital index basket-linked notes
By Wendy Van Sickle
Columbus, Ohio, May 9 – GS Finance Corp. plans to price 0% leveraged Motif Capital basket-linked notes due May 18, 2023, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The equally weighted basket consists of the Motif Capital Aging of America 7 ER index and the Motif Capital National Defense 7 ER index.
The payout at maturity will be par plus the basket return, subject to a floor of par.
The basket return will be the sum of the weighted component returns.
The component return for each basket index will be the greater of zero and 200% of the index return. The aging index tracks the U.S. exchange-listed common equity securities of companies that may benefit from the long-term demographic shift towards an older population in the United States because they have revenues from developing therapies for medical conditions that disproportionately affect senior citizens or providing senior housing facilities or Medicare insurance. The index measures the extent to which the stocks and any money market position outperform Libor plus 75 basis points per year, accruing daily.
The defense index tracks the U.S. exchange-listed common equity of public companies that derive at least 10% of their revenue from defense-related sales, principally of weapons systems to U.S. and foreign governments. The index measures the extent to which the stocks and any money market position outperform Libor plus 75 basis points per year, accruing daily.
Goldman Sachs & Co. is the agent.
The notes will price on May 18.
The Cusip number is 40054LBC7.
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