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GS Finance to price leveraged buffered notes on S&P MidCap 400
By Sarah Lizee
Olympia, Wash., Jan. 3 – GS Finance Corp. plans to price 0% leveraged buffered notes due in 36 months linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by the Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, capped at par plus 35%.
Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that the index declines beyond the 20% buffer.
Goldman Sachs & Co. is the agent.
The Cusip number is 40056EQX9.
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