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Goldman plans leveraged buffered notes due 2023 tied to index basket
By Susanna Moon
Chicago, June 13 – GS Finance Corp. plans to price 0% leveraged buffered notes due Jan. 9, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 60% weight, the iShares MSCI Emerging Markets ETF with a 20% weight and the Nikkei 225 index with a 20% weight.
The payout at maturity will be par plus 180% to 190% of any basket gain.
Investors will receive par if the basket falls by up to 40% and will be fully exposed to any losses if the basket falls by more than 40%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
The notes will price on July 2.
The Cusip number is 40055QEY4.
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