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GS Finance plans 2.5-year leveraged buffered notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, March 15 – GS Finance Corp. plans to price 0% leveraged buffered notes due Sept. 26, 2019 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.
If the index return is positive, the payout at maturity will be par plus 2 times the index gain, subject to a maximum settlement amount of $1,192.50 per $1,000 principal amount.
If the index falls by up to 10%, the payout will be par. Investors will lose 1% for each 1% decline beyond 10%.
Goldman Sachs & Co. is the agent.
The notes will price on March 22.
The Cusip number is 40054L2J2.
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