By Sarah Lizee
Olympia, Wash., May 22 – GS Finance Corp. priced $32.79 million of 0% capped gears due July 23, 2021 linked to the SPDR Gold Trust, 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 3 times the ETF gain, capped at $12.662 per $10 face amount of notes.
Otherwise, investors will be fully exposed to the ETF decline.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Capped gears
|
| Underlying index: | SPDR Gold Trust
|
| Amount: | $32,791,000
|
| Maturity: | July 23, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 3 times any ETF gain, capped at par plus $12.662 per $10 note; full exposure to any ETF decline
|
| Initial index level: | $164.65
|
| Pricing date: | May 20
|
| Settlement date: | May 26
|
| Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | 1.6%
|
| Cusip: | 36259J340
|
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