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GS Finance plans buffered notes with 1.43x leverage linked to S&P 100
By Angela McDaniels
Tacoma, Wash., March 7 – GS Finance Corp. plans to price 0% leveraged buffered notes due March 14, 2019 linked to the S&P 100 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 143% of the index return. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. is the underwriter.
The notes are expected to price March 11.
The Cusip number is 40054K5S1.
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