GS Finance plans leveraged buffered basket-linked notes on ETFs

By Wendy Van Sickle

Columbus, Ohio, Nov. 16 – GS Finance Corp. plans to price 0% leveraged buffered notes due in about 24 months linked to a basket of two exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The basket consists of the iShares MSCI EAFE ETF with an 80% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.

The payout at maturity will be par plus 2 times any basket gain, capped at $1,178 for each $1,000 face amount.

Investors will receive par if the basket falls by 20% or less and receive the return plus 20% if the basket falls by more than 20%.

Goldman Sachs & Co. is the underwriter.

The Cusip is 40056EH43.

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