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GS Finance plans leveraged buffered notes on basket of three indexes
By Devika Patel
Knoxville, Tenn., Oct. 9 – GS Finance Corp. plans to price 0% leveraged buffered notes due Nov. 5, 2024 linked to an equally weighted 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 33.33% weight, the S&P MidCap 400 index with a 33.33% weight and the Russell 2000 index with a 33.33% weight.
If the basket return is positive, the payout at maturity will be par plus at least 110% of the basket return. The exact participation rate will be set at pricing.
Investors will receive par if the basket declines by 20% or less and will lose 1% for every 1% that the basket declines beyond 20%.
Goldman Sachs & Co. LLC is the agent.
The notes (Cusip: 40056XGL4) will price on Oct. 31 and settle Nov. 5.
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