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GS Finance plans to price leveraged notes linked to index basket
By Emma Trincal
New York, Feb. 22 – GS Finance Corp. plans to price 0% leveraged basket-linked notes tied to international indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The expected term of the notes will be 24 to 27 months.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.
If the final basket level is at or greater than the initial basket level, the payout at maturity will be par of $10 plus 138.5% to 148.5% of the basket return.
If the final basket level is negative, investors will lose 1% for every 1% that the basket declines from its initial level.
The exact participation rate and the term of the notes will be set at pricing.
Goldman Sachs & Co. LLC is the underwriter.
The Cusip number is 40057FJY1.
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