By Taylor Fox
New York, Dec. 18 – GS Finance Corp. priced $1.85 million of 0% notes due June 16, 2025 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the MSCI Emerging Markets index with a 25% weight and the MSCI EAFE index with a 75% weight.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the basket return is positive, the payout at maturity will be par plus the basket return, capped at $1,600 per $1,000 of notes.
If the final basket level declines, but not more than 21%, the payout will be par plus the absolute value of the basket return.
Otherwise, investors will be fully exposed to the losses of the basket.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Basket-linked notes
|
| Underlying indexes: | MSCI Emerging Markets index with a 25% weight and the MSCI EAFE index with a 75% weight
|
| Amount: | $1,845,000
|
| Maturity: | June 16, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus the basket return, capped at $1,600 per $1,000 of notes; par plus absolute return of basket if basket declines but not more than negative 21%; otherwise, full exposure to decline of basket
|
| Initial levels: | 2,090.16 for EAFE and 1,257.66 for EM
|
| Trigger buffer level: | 79% of initial level
|
| Pricing date: | Dec. 11
|
| Settlement date: | Dec. 16
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.1%
|
| Cusip: | 40057EU96
|
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