GS Finance to price leveraged buffered notes tied to iShares MSCI EM

By Sarah Lizee

Olympia, Wash., May 17 – GS Finance Corp. plans to price 0% leveraged buffered ETF-linked notes due Jan. 9, 2020 tied to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the ETF return is positive, the payout at maturity will be par plus 150% of the ETF return, subject to a maximum settlement amount of $1,264.75 per $1,000 principal amount. Investors will receive par if the ETF falls by up to 10% and lose 1% for every 1% decline in the ETF beyond 10%.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 40055QA36.

The notes are expected to price on May 31 and settle on June 5.

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