By Sarah Lizee
Olympia, Wash., May 30 – GS Finance Corp. priced $1.2 million of 0% leveraged ETF-linked notes due June 3, 2026 tied to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF return is positive, the payout at maturity will be par plus 1.77 times ETF return. Investors will receive par if the ETF falls by up to 50% and lose 1% for every 1% decline in the ETF beyond 50%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged ETF-linked notes
|
| Underlier: | iShares MSCI EAFE ETF
|
| Amount: | $1.2 million
|
| Maturity: | June 3, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 1.77 times the ETF return; par if ETF falls by up to 50%; 1% loss for every 1% decline in ETF beyond 50%
|
| Initial level: | $68.79
|
| Pricing date: | May 29
|
| Settlement date: | June 1
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.9%
|
| Cusip: | 40055QBM3
|
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