By Marisa Wong
Morgantown, W.Va., April 26 – GS Finance Corp. priced $2.96 million of 0% index-linked notes due April 21, 2020 linked to the lesser performing of the MSCI EAFE index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be par plus 2.65 times the return of the lesser performing index.
If either index falls but the return of each index is at least negative 30%, the payout will be par.
If either index falls by more than 30%, investors will be fully exposed to the decline of the worse performing index.
Goldman, Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying indexes: | MSCI EAFE, Euro Stoxx 50
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Amount: | $2.96 million
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Maturity: | April 21, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is zero or positive, par plus 2.65 times the return of the lesser performing index; if either index falls but the return of each index is at least negative 30%, par; if either index falls by more than 30%, investors will be fully exposed to the decline of the worse performing index
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Initial levels: | 2,041.20 for EAFE, 3,419.71 for Stoxx
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Pricing date: | April 11
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Settlement date: | April 18
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.415%
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Cusip: | 40055AXP7
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