By Kiku Steinfeld
Chicago, March 2 – GS Finance Corp. priced $2.67 million of 0% underlier-linked notes due March 2, 2022 linked to the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each underlier is greater than or equal to its initial level, the payout at maturity will be par plus 1.33 times the return of the lesser performing asset.
If either asset falls by up to 15%, the payout will be par plus the absolute value of the return of the lesser performing asset.
Otherwise, investors will lose 1% for every 1% decline of the lesser performing asset beyond 15%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underliers: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
| Amount: | $2,667,000
|
| Maturity: | March 2, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return of each underlier is greater than or equal to its initial level, par plus 1.33 times lesser performing asset’s return; if either asset falls by up to 15%, par plus absolute value of lesser performing asset’s return; 1% loss for every 1% decline of lesser performing asset beyond 15%
|
| Initial levels: | $64.53 for ETF, 3,577.68 for index
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 2
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.975%
|
| Cusip: | 40056YJW5
|
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