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GS Finance to sell leveraged buffered notes linked to Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., Sept. 5 – GS Finance Corp. plans to price 0% leveraged buffered notes due Sept. 28, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 1.5 to 1.6 times the return, with the exact participation rate to be set at pricing.
If the index falls by up to 25%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline beyond the 25% buffer.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40055QWV0) will price on Sept. 21 and settle Sept. 28.
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