GS Finance plans to price leveraged buffered notes linked to S&P 500

By Devika Patel

Knoxville, Tenn., Dec. 27 – GS Finance Corp. plans to price 0% leveraged buffered notes due Jan. 7, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by the Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum settlement amount that is expected to fall between $1,242 and $1,282 for every $1,000 of notes and will be set at pricing. Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that the index declines beyond the 20% buffer.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40055ABT3) are expected to price Jan. 2 and settle Jan. 5.

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