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GS Finance plans buffered index-linked notes due 2023 tied to S&P 500
By Sarah Lizee
Olympia, Wash., Sept. 6 – GS Finance Corp. plans to price 0% buffered index-linked notes due Sept. 28, 2023 tied 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 falls by up to 30% to 33% and will lose 1% for each 1% decline beyond the buffer. The exact buffer will be set at pricing.
Goldman Sachs & Co. is the underwriter.
The notes will price on Sept. 25 and settle on Sept. 28.
The Cusip is 40055QW65.
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