GS Finance to price buffered notes due 2023 tied to the S&P 500 index

By Devika Patel

Knoxville, Tenn., April 9 – GS Finance Corp. plans to price 0% buffered notes due April 28, 2023 linked 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 the index return.

Investors will receive par if the index remains flat or declines by up to the buffer level and will lose 1% for each 1% decline beyond the buffer. The buffer level is expected to fall between 76% and 73% of the initial level and will be set at pricing.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40055AUH8) will price on April 25 and settle on April 30.

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