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Goldman to price three-year leveraged buffered notes on Russell 2000
By Devika Patel
Knoxville, Tenn., March 16 – GS Finance Corp. plans to price 0% three-year leveraged buffered notes linked to the Russell 2000 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 double the index return, subject to a maximum settlement amount that is expected to fall between $1,255 and $1,300 for every $1,000 of notes. Investors will receive par if the index declines by 35% or less and will lose 1.5385% for every 1% that the index declines beyond 35%.
Goldman Sachs & Co. is the agent.
The Cusip is 40054K6U5.
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