Goldman plans leveraged notes linked to the Dow

By Lisa Mayntz

Chicago, Feb. 8 – GS Finance Corp. plans to price leveraged notes due Feb. 27, 2023 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 final index level is zero or positive, the payout at maturity will be par plus a participation rate of between 125% and 135%. The exact participation rate will be set at pricing.

If the index finishes below the initial level but at or above the 70% knock-out level, the payout will be par plus the absolute value of the return.

If the final level is less than the 70% knock-out level, investors will be fully exposed to the losses.

Goldman, Sachs & Co. is the agent.

The notes will price on Feb. 17 and settle on Feb. 27.

The Cusip number is 40054KUY0.

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