GS Finance to price underlier-linked notes on iShares EAFE, EM ETFs

By Marisa Wong

Morgantown, W.Va., Feb. 12 – GS Finance Corp. plans to price 0% underlier-linked notes due Sept. 3, 2021 linked to the iShares MSCI EAFE exchange-traded fund 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 return of each ETF is zero or positive, the payout at maturity will be par plus 2.2 to 2.3 times the return of the lesser performing ETF.

If either ETF falls but the return of each ETF is at least negative 30%, the payout will be par.

If either ETF falls by more than 30%, investors will be fully exposed to the decline of the lesser performing ETF.

Goldman, Sachs & Co. is the underwriter.

The notes will price on Feb. 28.

The Cusip number is 40055AJA6.

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