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GS Finance plans to sell buffered notes due 2020 tied to S&P 500
Chicago, Jan. 3 – GS Finance Corp. intends to price 0% buffered notes due Jan. 23, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the index return subject to the maximum settlement amount of $1,100 for each $1,000 face amount of the notes.
If the final index level is negative but greater than or equal to 86.95% of the initial index level, the payout will be par plus the absolute value of the return.
If the final index level declines by more than 13.05%, the payout will be the index return times a buffer rate of 1.1501% for every 1% decline from the initial level.
Goldman Sachs & Co. is the agent.
The notes will price Jan. 4. and settle Jan. 9.
The Cusip number is 40056ESS8.
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