By Wendy Van Sickle
Columbus, Ohio, April 9 – GS Finance Corp. priced $289,000 of 0% ETF-linked notes due Oct. 5, 2023 linked to the lesser performing of the iShares MSCI EAFE ETF and 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 final values of both funds are greater than their initial values, the payout at maturity will be par plus 2.525 times the return of the lesser performing fund.
If either fund finishes below its initial value but above 70% of its initial level, the payout will be par.
Otherwise, investors will be exposed to the losses of the lesser performing fund from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | ETF-linked notes
|
| Underlying funds: | iShares MSCI EAFE ETF and iShares MSCI Emerging Markets ETF
|
| Amount: | $289,000
|
| Maturity: | Oct. 5, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If both funds finish above initial values, par plus 2.525 times return of lesser performing fund; if lesser performing fund falls by up to 30%, par; otherwise, exposure to losses of worse performer from initial level
|
| Initial levels: | $53.46 for EAFE and $34.13 for EM
|
| Pricing date: | March 31
|
| Settlement date: | April 3
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.91%
|
| Cusip: | 40056YMT8
|
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