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GS Finance plans leveraged buffered notes on basket of indexes, ETF
By Sarah Lizee
Olympia, Wash., Nov. 6 – GS Finance Corp. plans to price 0% leveraged buffered notes due May 19, 2022 linked to an unequally weighted basket of indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The basket consists of S&P 500 index with a 45.91% weight, the S&P MidCap 400 index with a 10.72% weight, the iShares MSCI EAFE Small Cap ETF with a 9.56% weight, the MSCI Emerging Markets index with a 9.11% weight, the Euro Stoxx 50 index with a 8.71% weight, the Russell 2000 index with a 5.36% weight, the Topix index with a 5.23% weight, the FTSE 100 index with a 3.87% weight and the S&P/ASX 200 index with a 1.53% weight.
If the basket return is positive, the payout at maturity will be par plus 1.25 times the basket return.
Investors will receive par if the basket declines by up to 15% and will lose 1% for each 1% decline beyond 15%.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40056EG93) will price on Nov. 15.
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