Goldman Sachs to sell trigger notes on iShares MSCI Emerging Markets

By Marisa Wong

Madison, Wis., Nov. 17 - Goldman Sachs Group, Inc. plans to price 0% underlier-linked trigger notes due 14 to 15 months after issue tied to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

A trigger event occurs if the index fund share price closes below the initial share price by more than 30% during the life of the notes.

If a trigger event occurs, the payout at maturity will be par plus the fund return, with exposure to losses. If a trigger event does not occur, the payout will be par plus the greater of the fund return and a contingent minimum return of 9.5% to 11.25%.

In either case, the payout is subject to a maximum settlement amount of $1,200 per $1,000 principal amount of notes.

The exact terms of the notes (Cusip: 38143UPZ8) will be set at pricing.

Goldman, Sachs & Co. is the underwriter.

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