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GS Finance plans to price buffered notes linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Sept. 29 – GS Finance Corp. plans to price 0% buffered notes due Oct. 13, 2022 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 the index return. Investors will receive par if the index declines by 20% and will lose 1% for every 1% that the index may decline beyond 20%.
Goldman Sachs & Co. is the underwriter.
The notes will price Oct. 5.
The Cusip number is 40054LUS1.
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