Goldman Sachs to price 2% notes linked to GS Momentum Builder index

By Angela McDaniels

Tacoma, Wash., Oct. 2 – Goldman Sachs Group, Inc. plans to price 2% notes due Nov. 1, 2021 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a 424B2 filing with the Securities and Exchange Commission.

The index measures the extent to which the performance of the underlying assets included in the index outperform the sum of Libor plus 50 basis points per year. The assets are up to 14 exchange-traded funds and a money market position and provide exposure to equities, fixed income, emerging markets, alternatives, commodities, inflation and cash equivalent asset classes.

Interest will be payable annually.

If the index return is greater than 14%, the payout at maturity will be par plus 1.5% for every 1% that the index advances beyond 14%. If the index return is less than or equal to 14%, the payout will be par.

Goldman Sachs & Co. is the underwriter.

The notes are expected to price Oct. 27 and settle Oct. 30.

The Cusip number is 38147QHU3.

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