GS Finance plans leveraged buffered notes linked to S&P 500 index

By Sarah Lizee

Olympia, Wash., July 16 – GS Finance Corp. plans to price 0% leveraged buffered notes due Jan. 31, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum settlement amount of $1,199 to $1,229 per $1,000 principal amount of notes. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.

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

Goldman Sachs & Co. LLC is the underwriter.

The notes will price on July 26.

The Cusip number is 40056FRK3.

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