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Goldman plans six-year leveraged absolute return notes tied to the Dow
By Susanna Moon
Chicago, Oct. 4 – GS Finance Corp. plans to price 0% leveraged notes due Oct. 28, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index finishes above its initial level, the payout at maturity will be par plus 1.3 times to 1.4 times any index gain.
If the index falls but finishes at or above the 70% knockout level, the payout will be par plus the absolute value of the return.
If the index falls by more than 30%, investors will be fully exposed to any losses.
Goldman Sachs & Co. is the underwriter.
The notes will price on Oct. 25 and settle on Oct. 28.
The Cusip number is 40054KLM6.
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