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GS Finance to price leveraged buffered notes linked to index basket
By Sarah Lizee
Olympia, Wash., March 12 – GS Finance Corp. plans to price 0% leveraged buffered notes due April 8, 2024 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket consists of the S&P 500 index with a 50% weight, the Euro Stoxx 50 index with a 18% weight, the Topix index with a 13.5% weight, the FTSE 100 index with a 10% weight, the Swiss Market index with a 4.5% weight and the S&P/ASX 200 index with a 4% weight.
The payout at maturity will be par plus 1.55 times any basket gain.
Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. is the underwriter.
The notes will price on April 3.
The Cusip number is 40056F3S2.
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