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GS Finance to price leveraged buffered notes linked to S&P 500 index
New York, March 26 – GS Finance Corp. plans to price 0% leveraged buffered index-linked notes due April 2, 2020 tied to the S&P 500 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 1.1 times the index return subject to a maximum payout of $1,165 per $1,000 principal amount.
Investors will receive 1.1 times the absolute value of the index return if the index falls by up to 15% and lose 1% for every 1% decline in the index beyond 15%.
Goldman, Sachs & Co. is the underwriter.
The notes will price on March 28 and settle on April 2.
The Cusip number is 40055ATN7.
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