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GS Finance to price three-year leveraged buffered notes on MSCI EAFE
By Devika Patel
Knoxville, Tenn., April 19 – GS Finance Corp. plans to price 0% leveraged buffered notes due April 27, 2021 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by the Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 125% of the index return, subject to a maximum settlement amount which is expected to be between $1,500 and $1,600 and will be set at pricing.
Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40055AVG9) will price on April 20 and settle April 27.
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