By Kiku Steinfeld
Chicago, June 21 – GS Finance Corp. priced $1.61 million of 0% underlier-linked notes due May 25, 2023 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 225% 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% that the lesser-performing underlier declines beyond 5%.
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: | $1,605,000
|
| Maturity: | May 25, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 225% 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: | $53.14 for ETF and 4,025.78f or index
|
| Buffer levels: | 95% of initial values
|
| Pricing date: | May 21
|
| Settlement date: | May 26
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.8%
|
| Cusip: | 40057HB82
|
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