GS Finance will price leveraged buffered notes on ETF basket

By Sarah Lizee

Olympia, Wash., July 25 – GS Finance Corp. plans to price 0% leveraged buffered notes due Aug. 5, 2022 linked to an unequally-weighted basket of ETFs including the SPDR S&P 500 ETF trust with a 58.8% weight, the iShares MSCI EAFE ETF with a 21% weight, the iShares MSCI Emerging Markets ETF with a 9% weight, the SPDR S&P MidCap 400 ETF trust with a 5.6% weight and the iShares Russell 2000 ETF with a 5.6% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus 1.5 times any basket gain, capped at $1,344 per $1,000 note.

Investors will receive par if the basket falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.

Goldman Sachs & Co. LLC is the underwriter.

The Cusip number is 40056FWS0.

The notes will price Aug. 2.

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