By Kiku Steinfeld
Chicago, Oct. 16 – GS Finance Corp. priced $997,000 of 0% underlier-linked notes due April 4, 2022 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 zero or positive, the payout at maturity will be par plus 200% of the gain of the lesser-performing underlier, capped at 18%.
If one or both underliers fall but both finish above 90% of their respective initial levels, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing underlier beyond 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Underlier-linked notes
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| Underliers: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
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| Amount: | $997,000
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| Maturity: | April 4, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of return of lesser-performing underlier up to 18% if both underliers finish at or above initial levels; if lesser-performing underlier falls by up to 10%, par; otherwise, 1% loss for every 1% that lesser-performing underlier declines beyond 10%
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| Initial levels: | $63.65 for ETF, 3,193.61 for index
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| Buffer levels: | 90% of initial levels
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 5
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.95%
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| Cusip: | 40057CS69
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