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GS Finance to price buffered ETF-linked notes on iShares MSCI EM
By Sarah Lizee
Olympia, Wash., June 13 – GS Finance Corp. plans to price 0% buffered ETF-linked notes due July 3, 2023 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the ETF return is positive, the payout at maturity will be par plus the ETF return.
Investors will receive par if the ETF declines by 20% or less and will lose 1% for every 1% that the ETF may decline beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
The notes are expected to price June 24.
The Cusip number is 40056FP82.
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