GS Finance intends to price leveraged buffered notes on Russell 2000

By Devika Patel

Knoxville, Tenn., July 3 – GS Finance Corp. plans to price 0% leveraged buffered notes due July 31, 2019 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 $1,180.00 and $1,210 for every $1,000 of notes 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 the 10% buffer.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40054LHN7) are expected to price July 26 and settle July 31.

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