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GS Finance plans leveraged notes due 2020 linked index, ETF basket
By Devika Patel
Knoxville, Tenn., June 4 – GS Finance Corp. plans to price 0% leveraged notes due June 13, 2023 linked to an unequally weighted basket of indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The basket consists of the S&P 500 index with a 40% weight, the Russell 2000 index with a 20% weight, the Euro Stoxx 50 index with a 20% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 20% weight.
If the basket return is positive, the payout at maturity will be par plus 140% of the basket return.
Investors will receive par if the basket declines by up to 35% and will lose 1% for each 1% decline beyond 35%.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40055QE99) will price on June 6 and settle on June 13.
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