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Goldman plans three-year leveraged buffered notes linked to S&P 500
By Susanna Moon
Chicago, March 3 – GS Finance Corp. plans to price 0% leveraged buffered notes due March 28, 2019 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,300 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
The exact deal terms, including maturity date and cap, will be set at pricing.
Goldman, Sachs & Co. is the agent.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will price on March 24 and settle on March 30.
The Cusip number is 40054K5N2.
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