GS Finance to price leveraged buffered notes linked to S&P 500 index

By Devika Patel

Knoxville, Tenn., Nov. 14 – GS Finance Corp. plans to price 0% leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will mature between 24 and 27 months after pricing, with the exact maturity to be set at pricing.

If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a cap that is expected to fall between $1,177.45 and $1,208.65 per $1,000 of notes and will be set at pricing. Investors will receive par if the index declines by up to the 10% buffer and will lose 1.1111% for every 1% decline beyond the buffer.

Goldman Sachs & Co. is the agent.

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