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GS Finance plans to price six-year leveraged notes linked to the Dow
By Marisa Wong
Morgantown, W.Va., March 24 – GS Finance Corp. plans to price 0% leveraged index-linked notes due March 30, 2023 tied to the Dow Jones industrial average, 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 zero or positive, the payout at maturity will be par plus 1.2 to 1.3 times the index return.
If the index return is negative but not less than negative 30%, the payout will be par plus the absolute value of the index return.
If the index falls by more than 30%, investors will be fully exposed to the index decline.
Goldman Sachs & Co. is the underwriter.
The notes will price on March 27.
The Cusip number is 40054KZ74.
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