GS Finance plans digital index-linked notes due June 2021 linked to Euro Stoxx

By Emma Trincal

Tacoma, Wash., Dec. 10 – GS Finance Corp. plans to price 0% digital index-linked notes due June 16, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will equal par of $10 plus the greater of the return and the fixed payment percentage of 13.15%.

If the index falls by up to 25%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline from the initial level.

The final price of the index is measured from the trade date to each of the averaging dates. Those are expected to be: June 7, June 8, June 9, June 10 and June 11, 2021.

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

Goldman Sachs & Co. LLC is the underwriter.

JPMorgan is the placement agent.

The notes are expected to price on Dec. 13 and settle on Dec. 18.

The Cusip number is 40056XVT0.

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