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GS Finance to price five-year leveraged buffered notes on S&P 500
By Marisa Wong
Morgantown, W.Va., Nov. 21 – GS Finance Corp. plans to price 0% leveraged buffered index-linked notes due Dec. 1, 2022 tied 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 index return is positive, the payout at maturity will be par plus 1.2 to 1.3 times the index gain. Investors will receive par if the index falls by up to 20% and lose 1% for every 1% decline in the index beyond 20%.
Goldman, Sachs & Co. is the underwriter.
The notes will price Nov. 27.
The Cusip number is 40055A2N6.
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