By Wendy Van Sickle
Columbus, Ohio, July 24 – GS Finance Corp. priced $422,000 of 0% leveraged buffered notes due Jan. 9, 2023 linked to a basket of two indexes and one fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 60% weight, the iShares MSCI Emerging Markets ETF with a 20% weight and the Nikkei 225 index with a 20% weight.
The payout at maturity will be par plus 1.85 times any basket gain.
Investors will receive par if the basket falls by up to 40% and will be fully exposed to the loss if the basket falls by more than 40%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered notes
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| Underlying assets: | Euro Stoxx 50 index (60% weight), iShares MSCI Emerging Markets ETF (20% weight), Nikkei 225 index (20% weight)
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| Amount: | $422,000
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| Maturity: | Jan. 9, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.85 times any basket gain; par if the basket falls by up to 40%; exposure to losses if basket falls beyond 40%
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| Initial index levels: | 3,372.21 for Euro Stoxx 50, $42.90 for iShares MSCI Emerging Markets, 21,811.93 for Nikkei
|
| Pricing date: | July 2
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| Settlement date: | July 6
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| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.2%
|
| Cusip: | 40055QEY4
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