GS Finance intends to price buffered PLUS due 2021 on the Topix index

By Devika Patel

Knoxville, Tenn., Nov. 9 – GS Finance Corp. plans to price 0% buffered Performance Leveraged Upside Securities due June 3, 2021 linked to the Topix index, according to an FWP 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 of $10 plus 200% of the index return, capped at a maximum payout of $14.955 per PLUS.

Investors will receive par if the index declines by up to 10% and will lose 1% for each 1% decline beyond 10%.

Goldman Sachs & Co. is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes (Cusip: 36256M528) will price on Nov. 30 and settle Dec. 5.

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