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GS Finance to price leveraged buffered notes linked to S&P 500 index
By Devika Patel
Knoxville, Tenn., June 17 – GS Finance Corp. plans to price three-year 0% leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum return that is expected to be between $1,205 and $1,241 and will be set at pricing.
Investors will receive par if the index declines by 35% or less and will lose 1.5385% for every 1% decline beyond 35%.
Goldman Sachs & Co. is the agent.
The Cusip is 40054KE77.
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