GS Finance plans to price PLUS due 2021 tied to Topix index

By Sarah Lizee

Olympia, Wash., March 2 – GS Finance Corp. plans to price 0% Performance Leveraged Upside Securities due July 6, 2021 linked to the Topix index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 22.4%. If the final index level is less than the initial index level, investors will have one-to-one exposure to the index’s decline.

Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.

The notes will price March 13.

The Cusip number is 36259H542.

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