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GS Finance intends to price leveraged notes linked to index basket
By Devika Patel
Knoxville, Tenn., July 5 – GS Finance Corp. plans to price 21- to 24-month 0% leveraged notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The exact maturity date of the notes will be set at pricing.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus triple the basket return, subject to a maximum settlement amount of between $1,281.10 and $1,330.60 per $1,000 of notes. The exact cap will be set at pricing.
Investors will lose 1% for each 1% decline.
Goldman Sachs & Co. is the agent.
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