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GS Finance to price leveraged buffered notes on indexes, ETF basket
By Emma Trincal
New York, Nov. 1 – GS Finance Corp. plans to price 0% leveraged buffered notes due Nov. 5, 2021 linked to an unequally weighted basket of three indexes and one exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The basket consists of the S&P 500 index with an initial weight of 40%, the Euro Stoxx 50 index with an initial weight of 28%, the Nasdaq-100 index with an initial weight of 25% and the iShares MSCI Emerging Markets ETF with an initial weight of 7%.
If the basket return is positive, the payout at maturity will be par plus 110% of the basket return.
Investors will receive par if the basket declines by up to 20% and will lose 1% for each 1% decline from the initial level if the basket falls by more than 25%.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40056EEN4) will price on Nov. 2 and settle on Nov. 7.
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