GS Finance to price leveraged buffered notes linked to Russell, S&P

By Sarah Lizee

Olympia, Wash., Oct. 19 – GS Finance Corp. plans to price 0% leveraged buffered notes due Nov. 2, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the return of the lesser performing index is zero or positive, the payout at maturity will be par plus 2.5 times the lesser performing index return, capped at $1,650 for each $1,000 face amount.

Investors will receive par if the lesser-performing index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

Goldman Sachs & Co. is the underwriter.

The notes (Cusip: 40056EBQ0) will price on Oct. 30 and settle on Nov. 2.

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