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GS Finance to price leveraged buffered notes linked to S&P 500
By Sarah Lizee
Olympia, Wash., March 27 – GS Finance Corp. plans to price 0% leveraged buffered notes due April 30, 2024 linked 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 1.125 to 1.175 times the index return.
Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that the index declines beyond 15%.
Goldman Sachs & Co. is the underwriter.
The notes will price on April 25.
The Cusip number is 40056F5M3.
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