By William Gullotti
Buffalo, N.Y., Sept. 22 – GS Finance Corp. priced $2.05 million of 0% leveraged buffered ETF-linked notes due Sept. 20, 2023 tied to 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 the ETF return is positive, investors will receive par plus 1.5 times the ETF gain, capped at $1,201 per $1,000 face amount of notes.
If the ETF return is flat or falls by up to 15%, investors will receive par. Otherwise, investors will lose 1.1765% for every 1% decline beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Issue: | Leveraged buffered ETF-linked notes
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| Underlying ETF: | iShares MSCI Emerging Markets ETF
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| Amount: | $2.05 million
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| Maturity: | Sept. 20, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times the ETF gain, capped at par plus 20.1%; if ETF return is flat or falls by up to 15%, par; 1.1765% loss for every 1% decline beyond 15%
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| Initial ETF level: | $51.59
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| Buffer level: | 85% of initial level
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| Pricing date: | Sept. 16
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| Settlement date: | Sept. 23
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.3%
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| Cusip: | 40057JK21
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