By William Gullotti
Buffalo, N.Y., June 30 – GS Finance Corp. priced $1.49 million of 0% underlier-linked notes due Dec. 29, 2022 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, 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 value, the payout at maturity will be par plus two times the return of the lesser-performing underlier, capped at $1,195 per note.
If either underlier falls but neither falls by more than 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% that the lesser-performing underlier declines below the 10% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying assets: | Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF
|
| Amount: | $1,493,000
|
| Maturity: | Dec. 29, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double times any gain in lesser-performing asset, capped at $1,195 per note; par if either index falls but neither falls by more than 10%; 1% loss for every 1% decline in lesser-performing asset below the buffer
|
| Initial values: | $54.54 for ETF, 4,075.94 for index
|
| Barrier level: | 90% of initial levels
|
| Pricing date: | June 23
|
| Settlement date: | June 28
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.1%
|
| Cusip: | 40057HMM9
|
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