By Emma Trincal
New York, March 25 – GS Finance Corp. priced $250,000 of 0% buffered notes due March 30, 2023 linked to the iShares MSCI KLD 400 Social ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus any ETF gain, up to the maximum settlement amount of $1,131.50 per $1,000 principal amount of notes.
If the ETF falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered iShares MSCI KLD 400 Social ETF-linked notes
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| Underlying ETF: | iShares MSCI KLD 400 Social ETF
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| Amount: | $250,000
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| Maturity: | March 30, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any ETF gain, capped at 13.15%; if ETF falls by up to 15%, par; 1% loss for every 1% decline beyond 15%
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| Initial underlying level: | $85.35
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| Buffer level: | 85% of initial level
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| Pricing date: | March 21
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| Settlement date: | March 24
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0%
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| Cusip: | 40057LK26
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