GS Finance intends to price buffered index-linked on S&P 500

By Sarah Lizee

Olympia, Wash., Aug. 14 – GS Finance Corp. plans to price 0% buffered index-linked notes due Sept. 2, 2022 tied 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 closes at or above its initial level, the payout will be par plus the return of the index, subject to the maximum settlement amount of $1,312.50 per $1,000 principal amount of notes.

If the index falls by up to 20% of its initial level, investors will receive par. Investors will lose 1% for every 1% decline beyond 20%.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Aug. 30.

The Cusip number is 40056X2S4.

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