Goldman plans capped gears due 2019 with 3x leverage tied to S&P 500

By Susanna Moon

Chicago, April 13 – GS Finance Corp. plans to price 0% capped gears due June 28, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 3 times any index gain, up to a maximum settlement amount of between $11.40 and $11.53 for each $10 principal amount.

Investors will be exposed to any losses.

The notes are guaranteed by Goldman Sachs Group, Inc.

UBS Financial Services Inc. and Goldman Sachs & Co. LLC are the agents.

The notes will price on April 25.

The Cusip number is 36254G382.

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