By Sarah Lizee
Olympia, Wash., Jan. 8 – GS Finance Corp. priced $620,000 of 0% leveraged notes due July 10, 2023 linked to an unequally weighted basket of indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The basket consists of the Euro Stoxx 50 index with a 60% weight, the iShares MSCI Emerging Markets exchange-traded fund with a 20% weight and the Nikkei 225 index with a 20% weight.
If the basket return is positive, the payout at maturity will be par plus 209% of the basket return.
Investors will receive par if the basket declines by up to 40% and will lose 1% for each 1% decline from the initial level if it falls beyond 40%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged notes
|
| Underlying assets: | Euro Stoxx 50 index with a 60% weight, iShares MSCI Emerging Markets ETF with a 20% weight and Nikkei 225 index with a 20% weight
|
| Amount: | $620,000
|
| Maturity: | July 10, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 209% of any basket gain; par if the basket finishes flat or declines by up to 40%; otherwise full exposure to losses
|
| Initial levels: | 3,041.85 for Stoxx, $39.69 for ETF, 19,561.96 for Nikkei
|
| Pricing date: | Jan. 4
|
| Settlement date: | Jan. 9
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.8%
|
| Cusip: | 40056EPB8
|
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