GS Finance plans leveraged buffered basket-linked notes on indexes

By Sarah Lizee

Olympia, Wash., April 16 – GS Finance Corp. plans to price 0% leveraged buffered notes due Nov. 5, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The basket consists of the SPDR S&P MidCap 400 ETF Trust with a 60% weight and the iShares Russell 2000 ETF with a 40% weight.

The payout at maturity will be par plus 1.5 times any basket gain, capped at $1,187.5 for each $1,000 face amount.

Investors will receive par if the basket falls by 10% or less and receive the return plus 10% if the basket falls by more than 10%.

Goldman Sachs & Co. is the underwriter.

The notes (Cusip: 40055AY92) are expected to price on April 30 and settle on May 3.

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