Goldman Sachs to price seven-year 2% notes linked to Dow Industrials

By Angela McDaniels

Tacoma, Wash., Oct. 4 - Goldman Sachs Group, Inc. plans to price 2% equity index-linked notes due Oct. 30, 2017 tied to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

If the index return is 14% or less, the payout at maturity will be par. Otherwise, investors will receive par plus 1% for every 1% that the index return exceeds 14%, subject to a maximum settlement amount $1,260 to $1,360 per $1,000 principal amount of notes. The exact cap will be set at pricing.

The notes (Cusip 38143UNH0) are expected to price Oct. 25 and settle Oct. 28.

Goldman, Sachs & Co. is the underwriter.

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