By William Gullotti
Buffalo, N.Y., May 23 – GS Finance Corp. priced $1.63 million of 0% buffered ETF-linked notes due June 21, 2024 based on the performance of the iShares MSCI Brazil 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 par plus 24.45%.
If the ETF falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 25%.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered ETF-linked notes
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| Underlying fund: | iShares MSCI Brazil ETF
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| Amount: | $1,625,000
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| Maturity: | June 21, 2024
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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 24.45%; if ETF falls by up to 25%, par; otherwise, 1% loss for every 1% decline beyond 25%
|
| Initial ETF level: | $29.99
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| Buffer level: | 75% of initial level
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| Pricing date: | May 17
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| Settlement date: | May 22
|
| Agents: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 40057RVQ8
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