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GS Finance plans leveraged notes tied to S&P 500 index
By Wendy Van Sickle
Columbus, Ohio, Jan. 16 – GS Finance Corp. plans to price 0% leveraged notes due March 4, 2021 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 2 times the index return, subject to a maximum settlement amount of $1,110 per $1,000 principal amount of notes. Investors will be exposed to any index decline.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes are expected to price Jan. 27.
The Cusip number is 40056YB86.
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