GS Finance plans leveraged notes tied to Nasdaq-100 Technology Sector

By Angela McDaniels

Tacoma, Wash., Dec. 13 – GS Finance Corp. plans to price 0% leveraged notes due Dec. 28, 2023 linked to the Nasdaq-100 Technology Sector 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 1.1 times the index return, subject to a maximum settlement amount of $1,900 per $1,000 principal amount of notes. Investors will receive par if the index declines by 25% or less. If it declines by more than 25%, investors will lose 1% for every 1% that it declines from the initial level.

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

Goldman Sachs & Co. LLC is the underwriter.

The notes are expected to price Dec. 20.

The Cusip number is 40056XTF3.

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