By William Gullotti
Buffalo, N.Y., May 30 – GS Finance Corp. priced $2 million of 0% capped airbag gears due May 22, 2025 linked to the MSCI EAFE index, according to an amended 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum settlement amount of par plus 28%.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% that the index declines beyond 15%.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Capped airbag gears
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| Underlying index: | MSCI EAFE
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| Amount: | $2,000,700
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| Maturity: | May 22, 2025
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 300% of any index gain, capped at par plus 28%; par if the index falls by up to 15%; otherwise, 1.1765% loss for each 1% index decline beyond 15%
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| Initial level: | 2,131.59
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| Buffer level: | 85% of initial level
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| Pricing date: | May 19
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| Settlement date: | May 24
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| Underwriter: | Goldman Sachs & Co. LLC
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| Selling agent: | UBS Financial Services Inc.
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| Fees: | 0%
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| Cusip: | 36265J623
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