New Issue: GS Finance sells $1.02 million underlier-linked notes on index, ETF

By Sarah Lizee

Olympia, Wash., Sept. 4 – GS Finance Corp. priced $1.02 million of 0% underlier-linked notes due March 3, 2022 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the lesser-performing asset finishes at or above its initial level, the payout at maturity will be par plus 2 times the return of the lesser-performing index, capped at par plus 19.5%. If the lesser-performing asset falls by up to 10%, the payout will be par. Otherwise, investors will be exposed to the lesser-performing asset’s decline from its initial level beyond 10%.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Underlier-linked notes
Underlying assets:	Euro Stoxx 50 index and iShares MSCI EAFE ETF
Amount:	$1,024,000
Maturity:	March 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the lesser-performing asset finishes at or above its initial level, par plus 2 times the return of the lesser-performing index, capped at par plus 19.5%; if the lesser-performing asset falls by up to 10%, par; investors will be exposed to the lesser-performing asset’s decline from its initial level beyond 10%
Initial levels:	3,272.51 for index, $64.98 for fund
Buffer levels:	90% of initial levels
Pricing date:	Aug. 31
Settlement date:	Sept. 3
Underwriter:	Goldman Sachs & Co. LLC
Fees:	1%
Cusip:	40057CKW0

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