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GS Finance plans one-year leveraged buffered notes tied to Euro Stoxx
New York, May 10 – GS Finance Corp. plans to price 0% leveraged buffered notes due June 13, 2018 tied to the Euro Stoxx 50 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 150% of the index return, subject to a maximum payment of $1,162.45 per $1,000 principal amount. Investors will receive par if the index falls by up to 10% and lose 1.1111% for every 1% decline in the index beyond 10%.
Goldman, Sachs & Co. is the underwriter. JPMorgan is placement agent.
The notes will price on May 12 and settle on May 17.
The Cusip number is 40054LCB8.
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