New Issue: Citigroup prices $708,000 buffered notes tied to iShares MSCI Emerging Markets

By Wendy Van Sickle

Columbus, Ohio, Oct. 26 – GS Finance Corp. priced $708,000 of 0% buffered notes due Oct. 27, 2021 linked to 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 any fund gain, up to a maximum settlement amount of $1,300 per $1,000 principal amount of notes.

Investors will receive par if the fund falls by up to 40% and will lose 1% for each 1% decline beyond 40%.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered notes
Underlying fund:	iShares MSCI Emerging Markets ETF
Amount:	$708,000
Maturity:	Oct. 27, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final fund level is positive, par plus return, subject to maximum settle amount of $1,300 per $1,000 principal amount; par if fund declines by 40% or less; 1% loss for every 1% that fund declines beyond 40%
Initial price:	$39.67
Pricing date:	Oct. 19
Settlement date:	Oct. 24
Agent:	Goldman Sachs & Co. LLC
Fees:	0.75%
Cusip:	40056EBG2

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