GS Finance plans to price leveraged buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 24 – GS Finance Corp. plans to price 0% leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

The maturity date will be three business days following the determination date, which is expected to be 53 weeks following the trade date.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum settlement amount of $1,091.50 per $1,000 principal amount of notes. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it may decline beyond 10%.

The initial index level is 2,141.16, which was struck based on the closing level of the index on Oct. 21.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 40054KMV5.

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