GS Finance plans fixed coupon underlier-linked notes on Russell, ETF

By Marisa Wong

Morgantown, W.Va., April 19 – GS Finance Corp. plans to price 5.1204% fixed coupon underlier-linked notes linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes are expected to have a term of 18 months.

The notes will pay a fixed monthly coupon of $4.267 for each $1,000 principal amount.

If the return of each underlier is greater than or equal to negative 20%, the payout at maturity will be par.

If either underlier falls by more than 20%, investors will lose 1.25% for every 1% decline of the lesser performing underlier beyond 20%.

The return of each underlier will be measured from the initial levels set on April 18, which are 1,361.894 for the index and $61.69 for the ETF.

Goldman, Sachs & Co. is the underwriter.

The Cusip number is 40054L7A6.

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