By Susanna Moon
Chicago, Jan. 15 – GS Finance Corp. priced $928,000 of 0% leveraged buffered notes due May 14, 2021 linked to the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum settlement amount of $1,262.50 for each $1,000 principal amount.
Investors will receive par if the fund falls by up to 20% and will be fully exposed to any losses beyond the geared buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered notes
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| Underlying fund: | iShares Russell 2000 ETF
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| Amount: | $928,000
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| Maturity: | May 14, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any fund gain, capped at 26.25%; par if fund falls by up to 20%; otherwise, 1.25% loss per 1% decline beyond 20%
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| Initial level: | $143.68
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| Barrier level: | 80% of initial level
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| Pricing date: | Jan. 11
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| Settlement date: | Jan. 16
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.925%
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| Cusip: | 40056ETC2
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