By Taylor Fox
New York, Nov. 16 – GS Finance Corp. priced $347,000 of 0% underlier-linked notes due Oct. 26, 2023 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 the return of both underliers is zero or positive, the payout at maturity will be par plus 1.75 times any gain of the lesser-performing underlier.
If one or both underliers fall but both finish above 90% of their respective initial levels, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing underlier beyond the 10% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
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| Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
| Amount: | $347,000
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| Maturity: | Oct. 26, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.75 times return of lesser-performing underlier; if lesser-performing underlier falls by up to 10%, par; otherwise, 1% loss for every 1% that lesser-performing underlier declines beyond 10% buffer
|
| Initial levels: | 3,180.70 for Stoxx and $64.51 for ETF
|
| Trigger buffer levels: | 90% of initial levels
|
| Pricing date: | Oct. 21
|
| Settlement date: | Oct. 26
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.6125%
|
| Cusip: | 40057EFR3
|
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