GS Finance plans leveraged notes due 2023 linked to technology ETF

By Sarah Lizee

Olympia, Wash., July 22 – GS Finance Corp. plans to price 0% leveraged notes due Aug. 3, 2023 linked to the Technology Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by the Goldman Sachs Group, Inc.

If the ETF return is positive, the payout at maturity will be par plus 1.06 times the ETF return.

If the ETF declines but by no more than 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the ETF from its initial level.

Goldman Sachs & Co. is the agent.

The notes will price on July 30.

The Cusip is 40056FVB8.

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