GS Finance plans buffered notes on Financial Select Sector SPDR fund

By Devika Patel

Knoxville, Tenn., Jan. 11 – GS Finance Corp. plans to price 0% buffered notes due April 30, 2020 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the fund return is positive, the payout at maturity will be par plus the fund return, subject to a maximum payout of $1,318 per $1,000 of notes.

Investors will receive par if the fund declines by up to 10% and will lose 1% for each 1% decline beyond 10%.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056ETK4) will price on Jan. 25 and settle on Jan. 30.

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