GS Finance plans to price leveraged buffered notes tied to EAFE ETF

By Sarah Lizee

Olympia, Wash., Nov. 15 – GS Finance Corp. plans to price 0% leveraged buffered notes due May 21, 2021 tied to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

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

If the fund return is positive, the payout at maturity will be par plus 2 times the fund return, subject to a maximum payment of $1,123.50 per $1,000 principal amount.

If the fund falls by up to 15%, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any decline in the fund beyond 15%.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Nov. 18.

The Cusip number is 40056XPQ3.

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