GS Finance plans leveraged notes tied to SPDR S&P Regional Banking ETF

By Angela McDaniels

Tacoma, Wash., Dec. 1 – GS Finance Corp. plans to price 18- to 21-month 0% leveraged notes linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the ETF return is positive, the payout at maturity will be par plus 300% of the ETF return, subject to a maximum settlement amount that is expected to be $1,243.00 to $1,285.60 per $1,000 principal amount of notes. If the ETF return is negative, investors will have one-to-one exposure to the ETF’s decline.

The exact maturity date and maximum settlement amount will be set at pricing.

Goldman Sachs & Co. LLC is the underwriter.

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