By Marisa Wong
Morgantown, W.Va., Dec. 5 – GS Finance Corp. priced $3.88 million of 0% trigger absolute return step securities due Nov. 30, 2022 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final fund level is greater than or equal to the initial level, the payout at maturity will be par of $10 plus the greater of the 33% step return and the ETF return.
If the final fund level is less than the initial level but greater than or equal to the downside threshold level, 75% of the initial level, the payout will be par plus the absolute value of the ETF return.
If the final level is less than the downside threshold level, investors will lose 1% for every 1% that the final level is less than the initial level.
Goldman, Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger absolute return step securities
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $3,876,640
|
| Maturity: | Nov. 30, 2022
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the fund return is zero or positive, par plus the greater of the ETF return and 33%; if the final fund level is less than the initial level but greater than or equal to the downside threshold level, par plus the absolute value of the ETF return; otherwise, investors will lose 1% for every 1% that the final level is less than the initial level
|
| Initial price: | $69.92
|
| Downside threshold: | $52.44, 75% of initial price
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 3.85%
|
| Cusip: | 36254F319
|
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