By Marisa Wong
Morgantown, W.Va., April 28 – GS Finance Corp. priced $2.13 million of 0% Performance Leveraged Upside Securities due Oct. 24, 2018 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus 200% of the ETF’s return, subject to a maximum return of 23.4%.
If the final share price is less than the initial share price, investors will be fully exposed to the decline.
Goldman Sachs & Co. is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $2,131,920
|
| Maturity: | Oct. 24, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final share price is greater than the initial share price, par of $10 plus 200% of the ETF’s return, subject to a maximum return of 23.4%; if the final share price is less than the initial share price, investors will be fully exposed to the decline
|
| Initial price: | $38.81
|
| Pricing date: | April 19
|
| Settlement date: | April 24
|
| Underwriter: | Goldman Sachs & Co.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.65%
|
| Cusip: | 36251V598
|
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