By Marisa Wong
Morgantown, W.Va., Jan. 3 – GS Finance Corp. plans to price 0% capped trigger gears due Dec. 31, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus double any ETF gain, up to a maximum settlement amount of $14.85 for each $10 principal amount.
Investors will receive par if the ETF falls by up to 20% and will be fully exposed to any losses if the ETF finishes below the 80% downside threshold.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Capped trigger gears
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| Underlying ETF: | iShares MSCI Emerging Markets ETF
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| Amount: | $3,446,000
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| Maturity: | Dec. 31, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus double any ETF gain, up to a maximum settlement amount of $14.85 for each $10 principal amount; par if the ETF falls by up to 20%; full exposure to any losses if the ETF finishes below the 80% downside threshold
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| Initial price: | $34.43
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| Pricing date: | Dec. 27
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| Settlement date: | Dec. 30
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.75%
|
| Cusip: | 36251U392
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