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Goldman plans leveraged notes with trigger due 2021 tied to S&P 500
By Susanna Moon
Chicago, Sept. 26 – GS Finance Corp. plans to price 0% leveraged notes due April 15, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any index gain, up to a maximum settlement amount of 1,346.875 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 34% to 36% and will lose 1% for each 1% decline if the index finishes below its trigger level, with the exact percentage to be set at pricing.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on Oct. 11.
The Cusip number is 40055QZR6.
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