Goldman Sachs plans leveraged buffered notes due 2021 on S&P 500

By Susanna Moon

Chicago, March 3 – GS Finance Corp. plans to price 0% leveraged buffered notes due March 29, 2021 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.05 times to 1.15 times any index gain.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.

The exact deal terms, including maturity date and cap, will be set at pricing.

Goldman, Sachs & Co. is the agent.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will price on March 24 and settle on March 30.

The Cusip number is 40054K5M4.

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