GS Finance plans leveraged buffered digital notes tied to Russell, S&P

By Angela McDaniels

Tacoma, Wash., Dec. 1 – GS Finance Corp. plans to price 0% leveraged buffered digital notes due Dec. 26, 2023 linked to the lesser performing of the S&P 500 index and 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 return of each index is zero or positive, the payout at maturity will be par plus 1.2 times the return of the lesser-performing index, subject to a minimum payout of $1,250 per $1,000 principal amount of notes.

If the return of each index is greater than or equal to negative 30% but the return of either index is less than zero, the payout will be par.

If the return of either index is less than negative 30%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 30%.

Goldman Sachs & Co. is the underwriter.

The notes will price Dec. 20.

The Cusip number is 40055A7M3.

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