GS Finance aims to price underlier-linked notes linked to fund, index

By Devika Patel

Knoxville, Tenn., Aug. 31 – GS Finance Corp. plans to price 0% underlier-linked notes due Oct. 5, 2023 linked to the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

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

If the return of both underliers is positive, the payout at maturity will be par plus 300% to 310% of the gain of the lesser-performing underlier. The exact participation rate will be set at pricing.

If one or both underliers fall, but both finish above 50% of their respective initial levels, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the lesser-performing underlier from its initial level.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40055QW57) will price on Oct. 1 and settle Oct. 4.

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