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Published on 6/13/2019 in the Prospect News Structured Products Daily.

GS Finance plans leveraged buffered notes due 2024 linked to the Dow

By Sarah Lizee

Olympia, Wash., June 13 – GS Finance Corp. plans to price 0% leveraged buffered notes due June 28, 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.275 to 1.315 times the index return.

Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that the index declines beyond 15%.

The notes will be guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

The notes are expected to price June 25.

The Cusip number is 40056FKH7.


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