GS Finance plans leveraged buffered notes due 2023 tied to Stoxx 50

By Sarah Lizee

Olympia, Wash., June 5 – GS Finance Corp. plans to price 0% leveraged buffered index-linked notes due July 5, 2023 tied to the Euro Stoxx 50 index, according to a 424B2 filing 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 2.85 to 3 times the index return.

Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% decline beyond 25%.

Goldman Sachs & Co. is the underwriter.

The notes (Cusip: 40055QEB4) are expected to price on June 29 and settle on July 5.

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