GS Finance to price underlier-linked notes on indexes, ETF

By Sarah Lizee

Olympia, Wash., March 17 – GS Finance Corp. plans to price 0% underlier-linked notes due March 25, 2025 linked to the Technology Select Sector SPDR fund, S&P 500 index, Nasdaq-100 index and 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 return of each underlier is zero or positive, the payout at maturity will be par plus 2.15 times the return of the least performer.

If the return of any underlier is negative but greater than or equal to negative 20%, the payout will be par.

If any underlier falls by more than 20%, investors will be exposed to the decline of the least performer beyond 20%.

Goldman Sachs & Co. LLC is the underwriter.

The notes will price on March 20.

The Cusip number is 40056YUR3.

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