GS Finance to sell index-linked notes on Dow Jones industrial average

By Devika Patel

Knoxville, Tenn., March 30 – GS Finance Corp. plans to price 0% leveraged notes due April 29, 2022 linked to the 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 index return is positive, the payout at maturity will be par plus the participation rate, which is expected to be between 1.35 times and 1.45 times the return and will be set at pricing.

If the index falls by up to 30%, the payout will be par plus the absolute value of the return. If the index falls by more than 30%, investors will be fully exposed to the decline.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40054K7E0) will price April 22 and settle April 29.

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