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Goldman plans five-year leveraged trigger notes tied to index basket
By Susanna Moon
Chicago, July 6 – GS Finance Corp. plans to price 0% leveraged notes due July 17, 2023 linked to a basket of equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
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 ETF with a 20% weight.
The payout at maturity will be par plus 145% of any basket gain.
Investors will receive par if the basket falls by up to 40% and will be fully exposed to any losses if the basket finishes below its 60% trigger level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
The notes will price on July 12.
The Cusip number is 40055QJJ2.
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