By Susanna Moon
Chicago, July 19 – GS Finance Corp. priced $2.5 million of 0% leveraged buffered notes due July 15, 2021 linked to the iShares U.S. Real Estate ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any fund gain, up to a maximum settlement amount of $1,381 for each $1,000 principal amount.
Investors will receive par if the fund falls by up to 20% and will be exposed to any losses beyond the buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
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 fund: | iShares U.S. Real Estate ETF
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| Amount: | $2.5 million
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| Maturity: | July 15, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 3 times any fund gain, capped at 38.1%; par if fund falls by up to 20%; otherwise, 1% loss per 1% decline beyond 20%
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| Initial level: | $81.36, set on July 11
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| Pricing date: | July 12
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| Settlement date: | July 17
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.425%
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| Cusip: | 40055QMY5
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