By Wendy Van Sickle
Columbus, Ohio, June 16 – GS Finance Corp. priced $5.26 million of 0% underlier-linked notes due Dec. 13, 2021 linked to the S&P 500 index and the iShares MSCI EAFE ETF, 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 zero or positive, the payout at maturity will be par plus the return of the lesser performer, subject to a 14.2% maximum return.
If the return of each underlier is negative but greater than or equal to negative 15%, the payout will be par plus the absolute value of the lesser-performing asset’s return.
If either underlier falls by more than 15%, investors will be exposed to the decline of the lesser performer 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: | Underlier-linked notes
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| Underlying assets: | S&P 500 index, iShares MSCI EAFE ETF
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| Amount: | $5.26 million
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| Maturity: | Dec. 13, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the return of each underlier is zero or positive, par plus the return of the lesser performer, subject to 14.2% maximum return; if the return of each underlier is negative but greater than or equal to negative 15%, par plus absolute value of lesser-performing asset return; if either underlier falls by more than 15%, exposure to the decline of the lesser performer beyond 15%
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| Initial levels: | $64.65 for ETF, 3,232.39 for S&P
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| Pricing date: | June 8
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| Settlement date: | June 11
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.4%
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| Cusip: | 40057CAN1
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