By Sarah Lizee
Olympia, Wash., Sept. 18 – GS Finance Corp. priced $2.58 million of 0% leveraged buffered ETF-linked notes due June 17, 2021 tied 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.
If the ETF return is positive, the payout at maturity will be par plus 1.5 times the ETF return, up to a maximum payout of par plus 21.05%.
If the ETF return is negative but not less than negative 15%, the payout will be par.
Investors will lose 1% for every 1% decline in the ETF beyond 15%.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered ETF-linked notes
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Underlying ETF: | iShares MSCI Emerging Markets
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Amount: | $2,577,000
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Maturity: | June 17, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the ETF return is positive, par plus 1.5 times the ETF return up to maximum payout of par plus 21.05%; if the ETF return is negative but not less than negative 15%, par; 1% loss for every 1% decline in the ETF beyond 15%
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Initial ETF level: | $42.24
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Pricing date: | Sept. 13
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Settlement date: | Sept. 18
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.15%
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Cusip: | 40056XCJ3
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