New York, June 15 – GS Finance Corp. priced $650,000 of 0% underlier-linked notes due June 12, 2026, linked to the least performing of 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 each underlier finishes at or above its initial level, the payout at maturity will be par plus 2.29 times the return of the least-performing underlier.
If the laggard underlier falls by up to 35%, the payout will be par. Investors will be fully exposed to the decline of the least performer if it falls by more than 35%.
Goldman Sachs & Co. LLC is the underwriter.
| 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: | $650,000
|
| Maturity: | June 12, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.29 times any gain of laggard underlier; par if laggard underlier falls by up to 35%; otherwise, full exposure to losses of worst performer
|
| Initial values: | $81.69 for ETF, 4,096.85 for index
|
| Trigger buffer levels: | 65% of initial values
|
| Pricing date: | June 9
|
| Settlement date: | June 14
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 40057HK74
|
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