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Goldman plans buffered notes due 2020 with cap tied to index basket
By Susanna Moon
Chicago, Jan. 10 – GS Finance Corp. plans to price 0% buffered notes due July 22, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 25% weight, the Euro Stoxx 50 index with a 22.5% weight, the iShares MSCI Emerging Markets ETF with a 22.5% weight, the S&P MidCap 400 index with a 15% weight and the Russell 2000 index with a 15% weight.
The payout at maturity will be par plus any basket gain, up to a maximum settlement amount of $1,180 to $1,200 per $1,000 principal amount.
Investors will receive par if the basket falls by up to 20% and will be exposed to any losses beyond 20%.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Jan. 17 and settle on Jan. 22.
The Cusip number is 40056ETN8.
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