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GS Finance plans to price three-year leveraged notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Nov. 9 – GS Finance Corp. plans to price 0% leveraged notes due Nov. 25, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus 1.5 times any index gain, subject to a maximum settlement amount of $1,280 to $1,310 per $1,000 principal amount
If the index falls by up to 20%, the payout will be par plus the absolute value of the index return.
If the index falls by more than 20%, the payout will be par plus the index return with full exposure to losses.
Goldman Sachs & Co. is the agent.
The notes will price on Nov. 18.
The Cusip number is 40054KN77.
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