GS Finance plans buffered index-linked notes tied to the Dow

By Sarah Lizee

Olympia, Wash., May 19 – GS Finance Corp. plans to price 0% buffered index-linked notes due Dec. 2, 2021 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index closes above its initial level, the payout at maturity will be par plus the index return, capped at $1,193 per $1,000 of notes.

If the index finishes flat or falls by up to 15%, investors will receive par. Investors will lose 1% for every 1% decline beyond the 15% buffer.

Goldman Sachs & Co. LLC is the agent.

The notes will price on May 29.

The Cusip number is 40057C2M2.

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