By Wendy Van Sickle
Columbus, Ohio, April 16 – GS Finance Corp. priced $1.63 million of 0% underlier-linked notes due March 17, 2026 linked to the Euro Stoxx 50 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 each underlier finishes at or above its initial value, the payout at maturity will be par plus 200% the return of the lesser-performing underlier, up to par plus 20%.
If either underlier falls but neither falls by more than 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% that the lesser-performing underlier declines beyond 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
|
| Amount: | $1,632,000
|
| Maturity: | March 17, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain in lesser-performing asset, up to par plus 20%; par if either index falls but neither falls by more than 10%; 1% loss for every 1% decline in lesser-performing asset beyond 10%
|
| Initial values: | $75.87 for ETF and 3,919.21 for index
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | Up to 1%
|
| Cusip: | 40057FMU5
|
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