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GS Finance plans to price fixed-coupon leveraged buffered notes on S&P Futures Excess Return
By Emma Trincal
New York, Oct. 11 – GS Finance Corp. plans to price fixed-coupon leveraged buffered notes due April 20, 2026 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Investors will receive a coupon of 1.5% per annum, paid quarterly.
The payout at maturity will be par plus 1.18 times any index gain.
If the index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Oct. 13 and settle on Oct. 18.
The Cusip number is 40057WF28.
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