Goldman Sachs plans to price six-year notes linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., Nov. 5 – Goldman Sachs Group, Inc. plans to price 0% notes due Nov. 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to zero, the payout at maturity will be par plus the greater of the threshold settlement amount, which is expected to be $1,525 to $1,575 per $1,000 principal amount of notes and will be set at pricing, and the index return. If the index return is negative but not below negative 30%, the payout will be par. If the index return is below negative 30%, investors will be fully exposed to the index’s decline.

Goldman Sachs & Co. is the agent.

The notes are expected to price Nov. 20.

The Cusip number is 38148TH36.

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