Goldman plans six-year leveraged absolute return notes tied to S&P 500

By Susanna Moon

Chicago, May 7– GS Finance Corp. plans to price 0% leveraged index-linked notes due May 28, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus 1.35 to 1.45 times the gain.

If the index falls by up to the 70% knock-out level, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

The notes will price on May 18.

The Cusip number is 40055Q2L5.

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