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GS Finance to price leveraged buffered notes on S&P 500
By Sarah Lizee
Olympia, Wash., Nov. 26 – GS Finance Corp. plans to price 0% leveraged buffered notes due Nov. 30, 2021 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 1.25 times the index return, capped at $1,190 for each $1,000 face amount. Investors will receive par if the index falls by up to 15% and lose 1% for every 1% that the index may decline beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on Nov. 27.
The Cusip number is 40056XR32.
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