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GS Finance plans leveraged buffered notes linked to index, ETF basket
By Sarah Lizee
Olympia, Wash., April 23 – GS Finance Corp. plans to price 0% leveraged buffered notes due May 3, 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 45.91% weight, the S&P MidCap 400 index with a 10.72% weight, the iShares MSCI EAFE Small Cap ETF with a 9.56% weight, the MSCI Emerging Markets index with a 9.09% weight, the Euro Stoxx 50 index with a 8.71% weight, the Russell 2000 index with a 5.36% weight, the Topix index with a 5.23% weight, the FTSE 100 index with a 3.87% weight and the S&P/ASX 200 index with a 1.55% weight.
The payout at maturity will be par plus 1.22 times any basket gain, capped at $1,800 for each $1,000 face amount of notes.
Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on April 30.
The Cusip number is 40056FCA1.
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