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GS Finance to price leveraged buffered notes linked to ETF basket
By Marisa Wong
Morgantown, W.Va., Oct. 17 – GS Finance Corp. plans to price 0% leveraged buffered notes due Jan. 8, 2020 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket includes the SPDR S&P 500 ETF Trust with a 50% weight, the iShares MSCI EAFE ETF with a 25% weight, the iShares MSCI Emerging Markets ETF with a 10% weight, the iShares Russell 2000 ETF with a 7.5% weight and the SPDR S&P MidCap 400 ETF with a 7.5% weight.
The payout at maturity will be par plus 200% of any basket gain, subject to a maximum settlement amount of $1,170 per $1,000 principal amount.
Investors will receive par if the basket declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
Goldman Sachs & Co. is the underwriter.
The notes will price on Oct. 18.
The Cusip number is 40054LXG4.
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