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Goldman plans leveraged buffered notes due 2020 tied to S&P 500
By Susanna Moon
Chicago, Oct. 23 – GS Finance Corp. plans to price 0% leveraged buffered index-linked notes due Jan. 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum settlement amount of $1,190 to $1,210 for each $1,000 face amount.
Investors will receive par if the index falls by up to 10% and lose 1% for each 1% decline beyond 10%.
Goldman Sachs Group, Inc. is the guarantor.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Oct. 25.
The Cusip number is 40054LW34.
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