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Goldman plans five-year trigger notes tied to iShares MSCI EAFE, EM
By Susanna Moon
Chicago, Aug. 21 – GS Finance Corp. plans to price 0% notes due Sept. 2, 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 closes at or above its initial level, the payout at maturity will be par plus 2.2 times the gain of the worse performing fund.
If either fund falls but by no more than 50%, the payout will be par.
If either fund finishes below its 50% trigger level, investors will lose 1% per 1% decline of the worse performing fund.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
The notes will price on Aug. 30.
The Cusip number is 40054LPX6.
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