GS Finance plans buffered index-linked notes due 2023 linked to S&P

By Sarah Lizee

Olympia, Wash., Sept. 25 – GS Finance Corp. plans to price 0% buffered index-linked notes due Oct. 10, 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, up to a maximum settlement amount of $1,270 per $1,000 of notes.

Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond the buffer.

Goldman Sachs & Co. is the underwriter.

The notes will price on Oct. 2 and settle on Oct. 10.

The Cusip number is 40056EAE8.

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