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GS Finance eyes leveraged buffered notes linked to index basket
By Sarah Lizee
Olympia, Wash., Jan. 4 – GS Finance Corp. plans to price 0% leveraged buffered notes due in 36 months linked to a 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 Euro Stoxx 50 index with a 42.5% weight, the Topix index with a 24.25% weight, the FTSE 100 index with a 15% weight, the Swiss Market index with an 8% weight, the S&P/ASX 200 index with a 7% weight and the Hang Seng China Enterprises index with a 3.25% weight.
The payout at maturity will be par plus two times any basket gain.
Investors will receive par if the basket falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 40056ERQ3.
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