By Wendy Van Sickle
Columbus, Ohio, July 21 – GS Finance Corp. priced $673,000 of 0% underlier-linked notes due May 31, 2024 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE 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 double the return of the lesser-performing underlier with a maximum payout of par plus 60%.
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 beyond 10%.
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 EAFE ETF
|
| Amount: | $673,000
|
| Maturity: | May 31, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any gain in lesser-performing asset, capped at par plus 60%; par if either index falls but neither falls by more than 10%; 1% loss for every 1% decline in lesser-performing asset beyond 10%
|
| Initial values: | $80.64 for ETF, 4,039.21 for index
|
| Barrier level: | 90% of initial levels
|
| Pricing date: | May 27
|
| Settlement date: | June 2
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.2%
|
| Cusip: | 40057HDU1
|
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