By Sarah Lizee
Olympia, Wash., Oct. 4 – GS Finance Corp. priced $55,000 of 0% underlier-linked notes due Oct. 5, 2023 linked to the iShares MSCI EAFE exchange-traded fund 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 both underliers is positive, the payout at maturity will be par plus 300% of the gain of the lesser-performing underlier.
If one or both underliers fall, but both finish above 50% of their respective initial levels, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing underlier from its initial level.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
| Amount: | $55,000
|
| Maturity: | Oct. 5, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any gain of lesser performing asset; par if lesser performing asset falls by up to 50%; full exposure to decline of either asset falls by more than 50%
|
| Initial levels: | $68.07 for ETF, 3,414.16 for index
|
| Pricing date: | Oct. 1
|
| Settlement date: | Oct. 4
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.25%
|
| Cusip: | 40055QW57
|
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