By Marisa Wong
Los Angeles, Sept. 14 – GS Finance Corp. priced $2.59 million of 0% underlier-linked notes due Sept. 8, 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 each underlier finishes at or above its initial value, the payout at maturity will be par plus 1.95 times the return of the lesser-performing underlier.
If either underlier falls but neither falls by more than 5%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing underlier beyond 5%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
| Amount: | $2,592,000
|
| Maturity: | Sept. 8, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 195% of any gain in lesser performing asset; par if either index falls but neither falls by more than 5%; 1% loss for every 1% decline in lesser performing asset beyond 5%
|
| Initial values: | $65.92 for ETF and 3,337.77 for index
|
| Pricing date: | Sept. 2
|
| Settlement date: | Sept. 8
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.975%
|
| Cusip: | 40057CRC7
|
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