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GS Finance to price leveraged buffered notes linked to Russell 2000
By Tali Rackner
Minneapolis, Aug. 23 – GS Finance Corp. plans to price 0% leveraged buffered notes due March 4, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus double the index return, up to a maximum return of 10.5% to 12%.
Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline in the index beyond 10%.
Goldman Sachs & Co. is the underwriter.
The notes will price on Aug. 28 and settle on Aug. 31.
The Cusip number is 40054LMK7.
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