By Wendy Van Sickle
Columbus, Ohio, July 11 – GS Finance Corp. priced $3.82 million of 0% leveraged buffered ETF-linked notes due Jan. 14, 2021 tied to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF return is positive, the payout at maturity will be par plus 1.5 times the ETF return, up to a maximum payout of par plus 19.3%.
If the ETF return is negative but not less than negative 10%, the payout will be par.
Investors will lose 1% for every 1% decline in the ETF beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered ETF-linked notes
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| Underlying ETF: | iShares MSCI EAFE
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| Amount: | $3,815,000
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| Maturity: | Jan. 14, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the ETF return is positive, par plus 1.5 times the ETF return up to maximum payout of par plus 19.3%; if the ETF return is negative but not less than negative 10%, par; 1% loss for every 1% decline in the ETF beyond 10%
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| Initial ETF level: | $65.51
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| Pricing date: | July 9
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| Settlement date: | July 12
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.15%
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| Cusip: | 40056FQ99
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