By Sarah Lizee
Olympia, Wash., Dec. 10 – GS Finance Corp. priced $343,000 of 0% index-linked notes due Nov. 29, 2024 tied to the Euro Stoxx 50 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or its initial level, the payout at maturity will be par plus 1.5 times the return of the worst performing index.
If the lesser performing index falls by up to 25%, the payout will be par.
If either index falls by more than 25%, investors will lose 1% for every 1% decline of the lesser performing index beyond 25%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying indexes: | Euro Stoxx 50 and MSCI Emerging Markets
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| Amount: | $343,000
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| Maturity: | Nov. 29, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above initial level, par plus 1.5 times return of worst performer; par if lesser performing index falls by up to 25%; 1% loss for every 1% decline of the lesser performing index beyond 25%
|
| Initial levels: | Lowest of closing levels of underliers on observation dates occurring on the 25th of each month until April 25, 2020
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| Pricing date: | Nov. 25
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| Settlement date: | Nov. 29
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.45%
|
| Cusip: | 40056XM86
|
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