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Goldman plans market-linked notes due 2023 tied to index basket
By Susanna Moon
Chicago, April 11 – GS Finance Corp. plans to price 0% basket market-linked notes due Oct. 31, 2023 tied to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par plus 1.62 times to 1.72 times any basket gain, with the exact participation rate to be set at pricing.
If the basket falls, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
The notes will price on April 26 and settle on April 30.
The Cusip is 40055AW52.
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