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GS Finance plans to price leveraged notes linked to index, ETF basket
By Sarah Lizee
Olympia, Wash., Jan. 7 – GS Finance Corp. plans to price 0% leveraged notes due Feb. 5, 2024 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 ETF with a 20% weight.
If the basket return is positive, the payout at maturity will be par plus 155% to 165% of the basket return, with the exact participation rate to be set at pricing.
Investors will receive par if the basket declines by up to 40%.
Otherwise, investors will lose 1% for each 1% decline of the basket from its initial level.
Goldman Sachs & Co. is the agent.
The notes will price on Jan. 31.
The Cusip is 40056ESB5.
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