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Goldman plans 5.5-year uncapped market-linked notes on index basket
By Susanna Moon
Chicago, Nov. 15 – GS Finance Corp. plans to price 0% market-linked notes due May 31, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par plus 105% to 115% of any basket gain, with the exact participation rate to be set at pricing.
If the index falls, the payout will be par.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on Nov. 17.
The Cusip number is 40055A3U9.
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