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GS Finance plans to price buffered digital notes tied to index basket
By Sarah Lizee
Olympia, Wash., May 7 – GS Finance Corp. plans to price 0% buffered digital 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 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.
If the final basket level is equal to or greater the initial level, the payout at maturity will be the greater of the threshold settlement amount, $1,290 to $1,340 per $1,000 of notes, and par plus the return.
If the basket falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1.1765% for every 1% that the basket has declined beyond the buffer level.
Goldman Sachs & Co. LLC is the agent.
The Cusip number is 40056FGD1.
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