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GS Finance plans 2% buffered notes with payout tied to S&P 500 index
By Wendy Van Sickle
Columbus, Ohio, July 22 – GS Finance Corp. plans to price 2% fixed-coupon buffered notes due Aug. 2, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be paid annually.
The payout at maturity will be par plus any index gain up to a maximum return of 20%. The payout will be par if the index falls by up to 20%, and investors will be exposed to losses beyond 20%.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will price on July 28.
The Cusip number is 40054KGB6.
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