Goldman Sachs plans to price six-year notes linked to the Dow

By Marisa Wong

Madison, Wis., June 23 – Goldman Sachs Group, Inc. plans to price 0% notes due July 20, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be the greater of (a) par of $1,000 plus the index return and (b) the threshold settlement amount, which is expected to be $1,450 to $1,500.

If the index falls by up to 25%, the payout will be par.

If the index falls by more than 25%, the payout will be par plus the index return, with full exposure to the index decline.

Goldman, Sachs & Co. is the agent.

The notes will price on July 11 and settle on July 18.

The Cusip number is 38147QBG0.

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