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GS Finance intends to sell leveraged buffered notes tied to the Dow
By Sarah Lizee
Olympia, Wash., July 18 – GS Finance Corp. plans to price 0% leveraged buffered notes due in 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 110% of the index return, subject to a maximum settlement amount of $1,407 to $1,500 per $1,000 principal amount of notes.
If the index falls by up to 20%, the payout will be par plus the absolute value of the return of the index.
If the index falls by more than 20%, the payout will be par plus the return of the index with full exposure to the decline.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The Cusip number is 40056FUV5.
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