By Sarah Lizee
Olympia, Wash., Aug. 7 – GS Finance Corp. priced $1.83 million of 0% underlier-linked notes due Aug. 3, 2023 linked to the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of both underliers is positive, the payout at maturity will be par plus 1.7 times the gain of the lesser-performing underlier.
If one or both underliers fall, but both finish above 90% of their respective initial levels, the payout will be par plus the absolute value of the return of the lesser-performing underlier.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing underlier decline beyond 10%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
| Amount: | $1,829,000
|
| Maturity: | Aug. 3, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of both underliers is positive, par plus 1.7 times the gain of the lesser-performing underlier; if one or both underliers fall, but both finish above 90% of their respective initial levels, par plus the absolute value of the return of the lesser-performing underlier; 1% loss for each 1% decline of the lesser-performing underlier decline beyond 10%
|
| Initial levels: | $64.35 for ETF, 3,300.16 for index
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 3
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.45%
|
| Cusip: | 40057CH46
|
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