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GS Finance to price leveraged buffered notes tied to S&P 500 index
By Sarah Lizee
Olympia, Wash., May 13 – GS Finance Corp. plans to price 0% leveraged buffered notes due May 23, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 1.25 times the index return, capped at $1,290 for each $1,000 of notes.
If the index declines by 15% or less, the payout will be par plus the absolute value of the return of the index.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on May 16.
The Cusip number is 40056FHK4.
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