Goldman plans 0% trigger notes due 2022 tied to MSCI EAFE, EM funds

By Susanna Moon

Chicago, Aug. 10 – GS Finance Corp. plans to price 0% index-linked notes due March 3, 2022 linked to the lesser performing of the iShares MSCI EAFE ETF 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 par plus 2.2 to 2.4 times the gain of the worse performing fund.

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

Otherwise, investors will be fully exposed to any losses of the worse performing fund.

The guarantor is Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Aug. 31.

The Cusip number is 40055QSK9.

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