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GS Finance plans leveraged buffered notes tied to Stoxx Europe 600
By Marisa Wong
Morgantown, W.Va., Sept. 8 – GS Finance Corp. plans to price 0% leveraged buffered notes due Oct. 18, 2017 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum settlement amount of $1,119 per $1,000 principal amount of notes. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. is the underwriter.
The notes will price on Sept. 9.
The Cusip number is 40054KK62.
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