GS Finance plans leveraged index-linked notes tied to Nikkei 225

By Sarah Lizee

Olympia, Wash., Nov. 20 – GS Finance Corp. plans to price 0% leveraged index-linked notes due Dec. 2, 2024 to the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par plus 2.5 times the index return, capped at $1,915 per $1,000 of notes.

If the return is zero or negative by up to 30%, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the index from its initial level.

Goldman Sachs & Co. is the underwriter.

The notes will price Nov. 22.

The Cusip number is 40056XQK5.

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