GS Finance plans to price ETF-linked notes tied to EM, EAFE funds

By Sarah Lizee

Olympia, Wash., June 11 – GS Finance Corp. plans to price 0% ETF-linked notes due Jan. 3, 2023 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.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the final values of both funds are greater than their initial values, the payout at maturity will be 2.2 to 2.3 times the return of the lesser performing fund.

If either fund finishes below its initial value but above 70% of its initial level, the payout will be par.

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

Goldman Sachs & Co. LLC is the agent.

The notes will price on June 28.

The Cusip number is 40056FMX0.

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