By William Gullotti
Buffalo, N.Y., April 28 – GS Finance Corp. priced $1.06 million of 0% underlier-linked notes due April 24, 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 1.225 times the return of the lesser-performing underlier.
If either underlier falls but neither falls by more than 25%, the payout will be par plus the absolute value of the lesser-performing underlier’s return.
Otherwise, investors will lose 1% for each 1% that the lesser-performing underlier declines beyond 25%.
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, iShares MSCI EAFE ETF
|
| Amount: | $1,056,000
|
| Maturity: | April 24, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.225 times any gain in lesser-performing underlier; if either underlier falls but neither falls by more than 25%, par plus absolute value of lesser-performing underlier’s return; 1% loss for every 1% decline in lesser-performing underlier beyond 25%
|
| Initial values: | $73.63 for ETF, 4,408.59 for index
|
| Barrier level: | 75% of initial levels
|
| Pricing date: | April 21
|
| Settlement date: | April 26
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.87%
|
| Cusip: | 40057RJB5
|
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