Goldman plans leveraged buffered notes due 2022 tied to index basket

By Susanna Moon

Chicago, July 25 – GS Finance Corp. plans to price 0% leveraged buffered notes due Aug. 22, 2022 linked to a basket of two indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the iShares MSCI Emerging Markets ETF with a 40% weight and the Russell 2000 index with a 20% weight.

The payout at maturity will be par plus 1.1 times any basket gain.

Investors will receive par if the basket falls by up to 20% and will be fully exposed to any losses if the basket falls by more than 20%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the underwriter.

The notes will price on Aug. 17.

The Cusip number is 40055QNM0.

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