By Wendy Van Sickle
Columbus, Ohio, Nov. 22 – GS Finance Corp. priced $3.73 million of 0% underlier-linked notes due May 20, 2021 linked to the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each ETF is zero or positive, the payout at maturity will be par plus 2.2 times the return of the lesser performing ETF.
If either ETF falls but the return of each ETF is at least negative 30%, the payout will be par.
If either ETF falls by more than 30%, investors will be fully exposed to the decline of the lesser performing ETF.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying ETFs: | iShares MSCI EAFE ETF and iShares MSCI Emerging Markets ETF
|
| Amount: | $3,726,000
|
| Maturity: | May 20, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.2 times any gain of lesser performing ETF; par if lesser performing ETF falls by up to 30%; full exposure to decline of lesser performing ETF if either ETF falls by more than 30%
|
| Initial levels: | $68.91 for EAFE, $46.82 for EM
|
| Pricing date: | Nov. 17
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| Settlement date: | Nov. 22
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 1.675%
|
|
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| Cusip: | 40055A3M7
|
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