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

By Marisa Wong

Morgantown, W.Va., Nov. 11 – Goldman Sachs Group, Inc. plans to price 0% leveraged notes due Nov. 30, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.3 to 1.4 times any index gain, with the exact participation rate to be set at pricing.

If the index return is negative and the final index level is equal to or greater than 70% of the initial level, the payout will be par plus the absolute value of the return.

If the index falls by more than 30%, investors will share fully in those losses.

Goldman Sachs & Co. is the agent.

The notes are expected to price Nov. 20 and settle Nov. 30.

The Cusip number is 38148TH28.

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