GS Finance plans leveraged buffered notes tied to iShares Russell ETF

By Angela McDaniels

Tacoma, Wash., Jan. 10 – GS Finance Corp. plans to price 0% leveraged buffered notes due May 14, 2021 linked to the iShares Russell 2000 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the final share price is greater than the initial share price, the payout at maturity will be par plus two times the index return, subject to a maximum settlement amount of $1,262.50 per $1,000 principal amount of notes. Investors will receive par if the ETF declines by 20% or less and will lose 1.25% for every 1% that it may decline beyond 20%.

Goldman Sachs & Co. LLC is the underwriter.

The notes will price Jan. 11.

The Cusip number is 40056ETC2.

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