By Wendy Van Sickle
Columbus, Ohio, May 10 – GS Finance Corp. priced $840,000 of 0% 0 underlier-linked notes due May 7, 2020 linked to the Euro Stoxx 50 index and 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 3 times any gain of the lesser-performing index.
If the lesser-performing index falls by up to 25%, the payout will be par.
If either underlier falls by more than 25%, investors will lose 1% for every 1% decline of the lesser performing underlier.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Underlier-linked notes
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| Underlying assets: | Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF
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| Amount: | $840,000
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| Maturity: | May 7, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 3 times any gain of lesser-performing underlie; par if lesser-performing underlier falls by up to 25%; full exposure to loss of lesser-performing underlier if it falls by more than 25%
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| Initial levels: | 3,550.59 for index and $46.43 for ETF
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| Pricing date: | May 4
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| Settlement date: | May 9
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 0.6%
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| Cusip: | 40055Q4V1
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