By Wendy Van Sickle
Columbus, Ohio, March 1 – GS Finance Corp. priced $370,000 of 0% leveraged buffered notes due Aug. 25, 2022 linked to a basket of indexes and a fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket components are the Euro Stoxx 50 index with a 60% weight, the Nikkei 225 index with a 20% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.
If the basket return is positive, the payout at maturity will be par plus 1.84 times the basket return.
Investors will receive par if the basket falls by up to 40% and will be fully exposed to the decline if the basket falls by more than 40%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered notes
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| Underlying basket: | Euro Stoxx 50 (60% weight), Nikkei 225 index (20% weight), iShares MSCI Emerging Markets ETF (20% weight)
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| Amount: | $370,000
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| Maturity: | Aug. 25, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus 1.84 times the basket return; par if basket falls by up to 40%; full exposure to decline if basket falls by more than 40%
|
| Initial levels: | 3,431.99 for Euro Stoxx 50; 21,736.44 for Nikkei 225; $48.85 for ETF
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| Pricing date: | Feb. 22
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| Settlement date: | Feb. 27
|
| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.95%
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| Cusip: | 40055AJP3
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