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GS Finance plans to price leveraged notes linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Oct. 7 – GS Finance Corp. plans to price 0% leveraged notes due Oct. 31, 2024 linked to the S&P 500 index, 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 1.30 to 1.35 times the index return. The exact participation rate will be set at pricing. Investors will receive par if the index declines by 25% or less. If it declines by more than 25%, investors will lose 1% for every 1% that it declines from the initial level.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes are expected to price Oct. 28.
The Cusip number is 40056XJK3.
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