By Sarah Lizee
Olympia, Wash., July 31 – GS Finance Corp. priced $4.26 million of 0% capped buffer gears due July 30, 2020 linked to 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 fund return is positive, the payout at maturity will be par plus two times the gain, subject to a maximum settlement amount of $12.55 for each $10 face amount.
If the fund finishes at or below the initial level but at or above the downside threshold, 90% of the initial level, the payout will be par.
Otherwise, investors will be exposed to losses beyond 10%.
Goldman Sachs & Co. and UBS Financial Services Inc. are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Capped buffer gears
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $4,260,400
|
| Maturity: | July 30, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, subject to a maximum settlement amount of $12.55 for each $10 face amount; par if fund finishes at or below the initial level but at or above the 90% downside threshold; otherwise, exposure to losses beyond 10%
|
| Initial index level: | $44.53
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Underwriter: | Goldman Sachs & Co. and UBS Financial Services Inc.
|
| Fees: | 2.15%
|
| Cusip: | 36255U299
|
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