By Marisa Wong
Morgantown, W.Va., Feb. 22 – GS Finance Corp. priced $669,000 of 0% leveraged notes due Feb. 21, 2023 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the ETF return is zero or positive, the payout at maturity will be par plus 130% of the ETF return.
If the ETF return is negative but not less than negative 50%, the payout will be par.
If the ETF return is less than negative 50%, investors will have one-to-one exposure to the ETF’s decline.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged notes
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| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $669,000
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| Maturity: | Feb. 21, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 130% of any ETF gain; par if ETF falls by up to 50%; if ETF falls by more than 50%, one-to-one exposure to the ETF’s decline
|
| Initial price: | $70.66
|
| Pricing date: | Feb. 15
|
| Settlement date: | Feb. 21
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 1.1%
|
| Cusip: | 40055AM46
|
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