Chicago, March 22 – GS Finance Corp. priced $1.32 million of 0% underlier-linked notes due Aug. 3, 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 positive, the payout at maturity will be par plus 200% of the gain of the lesser-performing underlier, subject to a maximum settlement amount of $1,180 per $1,000 note.
If one or both underliers fall, but both finish above 10% 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.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
| Amount: | $1,317,000
|
| Maturity: | Aug. 3, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain of lesser performing asset, subject to maximum settlement of $1,180 per $1,000 note; par if lesser performing asset falls by up to 10%; exposure to decline of laggard asset beyond 10%
|
| Initial levels: | $72.39 for ETF, 3,481.44 for index
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 3
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | Up to 1%
|
| Cusip: | 40057EWT0
|
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