Goldman plans notes due 2021 with 70% trigger tied to two funds

By Susanna Moon

Chicago, Oct. 16 – GS Finance Corp. plans to price notes due May 5, 2021 linked to least performing of the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If each fund finishes at or above its initial level, the payout at maturity will be 2.25 times to 2.35 times the gain of the worse performing fund.

If either fund falls by up to its 70% trigger level, the payout at maturity will be par.

Otherwise, the payout at maturity will be par plus the worse performing fund with full exposure to any losses.

Goldman Sachs Group, Inc. is the guarantor.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Oct. 31.

The Cusip number is 40054LWY6.

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