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GS Finance plans leveraged basket-linked notes on four indexes
By Emma Trincal
New York, Nov. 6 – GS Finance Corp. plans to price 0% leveraged notes due Jan. 26, 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket consists of the S&P 500 index with a 40% weight, the MSCI EAFE index with a 30% weight, the S&P MidCap 400 index with a 20% weight and the Russell 2000 index with a 10% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum return of 33%.
If the basket declines by up to 25%, the payout will be par.
Otherwise, investors will be exposed to any losses.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40056EG77) are expected to settle on Nov. 27.
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