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

By Sarah Lizee

Olympia, Wash., Aug. 14 – GS Finance Corp. plans to price 0% underlier-linked notes due Oct. 1, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

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

A trigger event will occur if the closing level of either asset is less than 67.5% of its initial level on any trading day during the life of the notes.

If a trigger event hasn’t occurred, the payout at maturity will be $1,093.50 per $1,000 note.

If a trigger event has occurred but the final level of each asset is greater than or equal to its initial level, the payout will be par.

If a trigger event has occurred and the final level of either asset is less than its initial level, the payout will be par plus the return of the lesser performing asset with full exposure to the decline.

Goldman Sachs & Co. LLC is the agent.

The notes (Cusip: 40056X3G9) will price on Aug. 26.

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