GS Finance to price buffered index-linked notes tied to S&P 500 index

By Devika Patel

Knoxville, Tenn., Oct. 14 – GS Finance Corp. plans to price 0% buffered index-linked notes due Oct. 28, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par plus the index return.

Investors will receive par if the index falls by up to the buffer, which is expected to be between 27% and 32% and will be set at pricing, and will lose 1% for each 1% decline beyond the buffer.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40054KMA1) will price on Oct. 25 and settle Oct. 28.

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