GS Finance plans to price leveraged buffered notes linked to basket

By Angela McDaniels

Tacoma, Wash., Aug. 28 – GS Finance Corp. plans to price 0% leveraged buffered notes due Sept. 9, 2022 linked to a basket of indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket will be comprised of the S&P 500 index with a 60% weight, the Russell 2000 index with a 20% weight, the iShares MSCI EAFE exchange-traded fund with a 10% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 10% weigh.

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

If the final basket level is greater than the initial basket level, the payout at maturity will be par plus 1.1 times the basket return. Investors will receive par if the basket declines by 25% or less and will lose 1% for every 1% that it may decline beyond 25%.

Goldman Sachs & Co. is the underwriter.

The notes will price Sept. 6.

The Cusip number is 40054LQ80.

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