GS Finance plans notes linked to iShares EAFE ETF and iShares EM ETF

By Devika Patel

Knoxville, Tenn., June 8 – GS Finance Corp. intends to price 0% notes due Jan. 3, 2022 linked to the least performing of the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the final value of each fund is positive, the payout at maturity will be par plus 220% to 240% of the lesser-performing fund’s return, with the exact participation rate to be set at pricing.

If either fund declines, but both funds remain above 70% of their initial level, the payout will be par.

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

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40055QEH1) will price June 29 and settle July 5.

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