By Kiku Steinfeld
Chicago, Jan. 3 – GS Finance Corp. priced $1.78 million of 0% underlier-linked notes due Dec. 29, 2027 linked to the MSCI EAFE index and 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 each underlier finishes at or above its initial value, the payout at maturity will be par plus 1.96 times the return of the lesser-performing underlier.
If either underlier by no more than 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% that the lesser-performing underlier declines.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Underlier-linked notes
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Underlying assets: | MSCI EAFE index, iShares MSCI Emerging Markets ETF
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Amount: | $1,775,000
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Maturity: | Dec. 29, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.96 times any gain in lesser-performing underlier; par if either underlier falls by no more than 20%; otherwise, 1% loss for every 1% decline in lesser-performing underlier
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Initial values: | $48.47 for ETF, 2,295.67 for index
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Barrier level: | 80% of initial levels
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Pricing date: | Dec. 22
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Settlement date: | Dec. 29
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.25%
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Cusip: | 40057KJW4
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