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GS Finance plans leveraged notes due 2020 linked index, ETF basket
By Sarah Lizee
Olympia, Wash., June 1 – GS Finance Corp. plans to price 0% leveraged notes due Aug. 27, 2020 linked to a 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 the S&P 500 Index with a 40% weight, the iShares MSCI EAFE exchange-traded fund with a 30% weight, the S&P MidCap 400 index with a 20% weight and the Russell 2000 index with a 10% weight.
If the basket return is positive, the payout at maturity will be par plus 150% of the basket return, subject to a maximum settlement amount of $1,240 per $1,000 of notes.
Investors will receive par if the basket declines by up to 25% and will lose 1% for each 1% decline beyond 25%.
Goldman Sachs & Co. is the agent.
The notes will price on June 22 and settle on June 27.
The Cusip number is 40055QD41.
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