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GS Finance eyes leveraged buffered linked to basket of indexes
By Sarah Lizee
Olympia, Wash., May 18 – GS Finance Corp. plans to price 0% leveraged buffered basket-linked notes due in 30 to 33 months tied to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 19% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with an 8% weight.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the basket return is positive, the payout at maturity will be par plus 1.16 to 1.26 times the basket return.
If the basket return is zero or negative but not less than negative 10%, the payout will be par.
Investors will lose 1.1111% for every 1% decline in the basket beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
The Cusip number is 40057C2V2.
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