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GS Finance to issue leveraged buffered notes on iShares Core S&P Small-Cap ETF
By Emma Trincal
New York, Feb. 20 – GS Finance Corp. is offering 0% leveraged buffered ETF-linked notes due Feb. 19, 2027 tied to the iShares Core S&P Small-Cap ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF return is positive, investors will receive par plus 150% of the ETF gain, subject to a maximum payout of par plus 35.3%.
If the ETF return is flat or falls by up to 20%, investors will receive par. Investors will lose 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. LLC is the agent.
The notes were set to price on Feb. 15 and to settle on Feb. 21.
The Cusip number is 40057YCM3.
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