By Wendy Van Sickle
Columbus, Ohio, Nov. 1 – GS Finance Corp. priced $5.73 million of 0% capped gears due Dec. 31, 2019 linked to the iShares MSCI Emerging Markets ETF, 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 of $10 plus triple any ETF gain, up to a maximum settlement amount of $12.485 per note.
Investors will lose 1% for each 1% ETF decline.
Goldman, Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Capped gears
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Underlying ETF: | iShares MSCI Emerging Markets ETF
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Amount: | $5,726,000
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Maturity: | Dec. 31, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 3 times any ETF gain, capped at $12.485 per note; full exposure to any ETF decline
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Initial ETF price: | $38.67
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Pricing date: | Oct. 26
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Settlement date: | Oct. 31
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Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
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Fees: | 2.1%
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Cusip: | 36256M213
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