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GS Finance to price five-year buffered notes linked to S&P 500 index
By Tali Rackner
Minneapolis, Jan. 5 – GS Finance Corp. plans to price 0% buffered notes due Jan. 12, 2023 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus the index return.
Investors will receive par if the index falls by up to the buffer level, which is expected to be between 79% and 76% of the initial index level, and will lose 1% for every 1% decline in the index beyond the buffer. The exact buffer level will be set at pricing.
Goldman, Sachs & Co. is the underwriter.
The notes are expected to price on Jan. 12 and settle on Jan. 28.
The Cusip number is 40055AC47.
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