By Susanna Moon
Chicago, April 24 – GS Finance Corp. priced $1.25 million of 0% leveraged buffered notes due Oct. 9, 2020 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the fund, up to a maximum settlement amount of $1,280 for each $1,000 principal amount.
Investors will receive par if the fund falls by up to 15% and will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Leveraged buffered notes
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| Underlying fund: | iShares MSCI EAFE ETF
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| Amount: | $1.25 million
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| Maturity: | Oct. 9, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any fund gain, return capped at 28%; par if fund falls by 15% or less; 1% loss per 1% decline beyond 15%
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| Initial level: | $71.32
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| Pricing date: | April 19
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| Settlement date: | April 24
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.775%
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| Cusip: | 40055AYQ4
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