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GS Finance plans buffered index-linked notes tied to S&P 500 index
New York, June 27 – GS Finance Corp. plans to price 0% buffered index-linked notes due July 31, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus the index return.
Investors will receive par if the index falls by up to the buffer amount of 32.5% and will lose 1% for each 1% decline beyond the 32.5% buffer.
Goldman Sachs & Co. is the agent.
The notes will price on July 26 and settle on July 31.
The Cusip is 40055QHW5.
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