By Marisa Wong
Los Angeles, June 22 – GS Finance Corp. priced $500,000 of 0% leveraged notes due June 7, 2024 tied to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF finishes above its initial level, the payout at maturity will be par plus 1.2 times the ETF gain.
If the ETF finishes flat or falls by up to 35%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the ETF declines below its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged ETF-linked notes
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $500,000
|
| Maturity: | June 7, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.2 times any ETF gain; par if ETF finishes flat or falls by up to 35%; otherwise, full exposure to losses
|
| Initial price: | $62.74
|
| Pricing date: | June 4
|
| Settlement date: | June 9
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.3%
|
| Cusip: | 40057CAJ0
|
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