By William Gullotti
Buffalo, N.Y., Aug. 18 – GS Finance Corp. priced $3.99 million of 0% leveraged index-linked notes due June 21, 2023 tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.25 times the index return, subject to a maximum payout of par plus 22.5%.
If the index is flat or declines by up to 15%, the payout will be par.
Otherwise, investors will lose 1.1765% for every 1% decline in the index beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | MSCI EAFE index
|
| Amount: | $3,985,000
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| Maturity: | June 21, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus 1.25 times the index return, capped at par plus 22.5%; if the index is flat or declines by up to 15%, par; otherwise, investors will lose 1.1765% for every 1% decline in the index below the buffer
|
| Initial index level: | 2,382.76
|
| Trigger level: | 85% of initial level
|
| Pricing date: | June 16
|
| Settlement date: | June 21
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | None
|
| Cusip: | 40057HN30
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