GS Finance plans leveraged buffered notes due 2022 tied to S&P 500

By Sarah Lizee

Olympia, Wash., Sept. 10 – GS Finance Corp. plans to price 0% leveraged buffered notes due Jan. 6, 2022 linked to the S&P 500 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 300% of the index gain, up to a maximum payout of $1,270 to $1,300 per $1,000 of notes.

If the index falls by up to 15%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline beyond the 15% buffer.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40055QVT6) will price on Oct. 1 and settle on Oct. 4.

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