By Wendy Van Sickle
Columbus, Ohio, Aug. 3 – GS Finance Corp. priced $6.21 million of 0% Performance Leveraged Upside Securities due Nov. 5, 2018 linked 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 finishes above its initial level, the payout at maturity will be par of $10 plus 300% of the ETF return, subject to a maximum return of 16.33%.
If the ETF falls, investors will be exposed to its decline.
Goldman Sachs & Co. is the agent. Morgan Stanley Wealth Management is acting as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Performance Leveraged Upside Securities
|
| Underlying ETF: | iShares MSCI Emerging Markets
|
| Amount: | $6,208,720
|
| Maturity: | Nov. 5, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes above initial level, par plus 300% of ETF return, capped at 16.33%; exposure to any ETF decline
|
| Initial ETF level: | $43.80
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 3
|
| Agent: | Goldman Sachs & Co.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.35%
|
| Cusip: | 36253M398
|
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