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GS Finance plans leveraged basket-linked notes on indexes, ETF
Chicago, Feb. 27 – GS Finance Corp. plans to price 0% leveraged notes due March 4, 2024 linked to a basket of indexes and an ETF, 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 iShares MSCI Emerging Markets ETF with a 20% weight, the Euro Stoxx 50 index with a 20% weight and the Russell 2000 index with a 20% weight.
The payout at maturity will be par plus 1.35 to 1.45 times any basket gain.
If the basket declines by up to 40%, the payout will be par.
Otherwise, investors will be exposed to any losses.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40056EX45) are expected to price on Feb. 28.
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