Goldman Sachs to price variable-coupon notes linked to 10 stocks

By Angela McDaniels

Tacoma, Wash., Sept. 9 - Goldman Sachs Group, Inc. plans to price variable-coupon basket-linked notes due Sept. 30, 2020 linked to a basket of common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes Apple Inc., Deere and Co., Duke Energy Corp., Eli Lilly and Co., Freeport-McMoRan Copper & Gold Inc., Intel Corp., Merck & Co., Inc., Microsoft Corp., Mondelez International, Inc. and Pfizer Inc.

The notes will pay a coupon each year equal to the average of the basket stocks' performances, subject to a minimum of zero.

If a basket stock's return is zero or positive, its performance will be 7%. If a basket stock's return is negative, its performance will be zero.

The payout at maturity will be par.

Goldman Sachs & Co. is the underwriter.

The notes are expected to price Sept. 25 and settle Sept. 30.

The Cusip number is 38147QTW6.

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