By Susanna Moon
Chicago, Nov. 30 – GS Finance Corp. priced $2.45 million of 0% digital notes due May 13, 2020 tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above its 85% threshold, the payout at maturity will be the maximum settlement amount of $1,080 per $1,000 principal amount.
Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Digital notes
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Underlying index: | MSCI EAFE
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Amount: | $2.45 million
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Maturity: | May 13, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains or falls by up to 15%, par plus 8%; otherwise, 1.1765% loss per 1% decline beyond 15%
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Initial level: | 1,840.67
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Pricing date: | Nov. 9
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Settlement date: | Nov. 19
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.35%
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Cusip: | 40056EFN3
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