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

By Sarah Lizee

Olympia, Wash., July 19 – GS Finance Corp. plans to price 0% leveraged buffered notes due July 27, 2023 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 125% of the index return, capped at $1,650 per $1,000 of notes.

If the index falls by up to 20%, the payout will be par.

Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%.

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

Goldman Sachs & Co. LLC is the underwriter.

The notes will price on July 22.

The Cusip number is 40056FVD4.

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