By Sarah Lizee
Olympia, Wash., Aug. 23 – GS Finance Corp. priced $1.5 million of 0% leveraged buffered notes due Aug. 26, 2020 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the iShares MSCI EAFE ETF with a 53% weight, the iShares MSCI Emerging Markets ETF with a 34% weight and the iShares MSCI EAFE Small Cap ETF with a 13% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum settlement amount of $1,217.5 for each $1,000 of notes.
Investors will receive par if the basket falls by up to 20% and will be exposed to any losses beyond the buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying assets: | iShares MSCI EAFE ETF (53% weight), iShares MSCI Emerging Markets ETF (34% weight) and iShares MSCI EAFE Small Cap ETF (13% weight)
|
| Amount: | $1.5 million
|
| Maturity: | Aug. 26, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any basket gain, up to a maximum settlement amount of $1,217.5 for each $1,000 of notes; par if basket falls by up to 20%, with exposure to any losses beyond the buffer
|
| Initial levels: | $67.15 for EAFE, $42.94 for Emerging Markets, $61.72 for EAFE Small Cap
|
| Pricing date: | Aug. 21
|
| Settlement date: | Aug. 24
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.175%
|
| Cusip: | 40055QUD2
|
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