Goldman Sachs to price 3.5-year knock-out equity notes linked to Dow

By Toni Weeks

San Diego, Oct. 11 - Goldman Sachs Group, Inc. plans to price 0% knock-out equity index-linked notes tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 3.5 years after issue.

If the index return is zero or positive, the payout at maturity will be par plus the greater of the index return and the threshold settlement amount, which is expected to be $1,350 to $1,400 and will be set at pricing.

Investors will receive par if the index declines by up to 50% and will be fully exposed to losses from the initial level if it declines by more than 50%.

The Cusip number is 38143UXZ9.

Goldman Sachs & Co. is the underwriter.

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