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GS Finance plans to price PLUS due 2020 linked to S&P 500
By Sarah Lizee
Olympia, Wash., Nov. 18 – GS Finance Corp. plans to price 0% Performance Leveraged Upside Securities due Dec. 24, 2020 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 11.7%. If the final index level is less than the initial index level, investors will have one-to-one exposure to the index’s decline.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
The notes will price Nov. 19.
The Cusip number is 36258L817.
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