By Sarah Lizee
Olympia, Wash., Nov. 26 – GS Finance Corp. priced $1 million of 0% leveraged buffered notes due Nov. 19, 2020 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket consists of the iShares MSCI EAFE ETF with an 80% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.
The payout at maturity will be par plus 2 times any basket gain up to a maximum settlement amount of $1,178 for each $1,000 of notes.
Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying assets: | iShares MSCI EAFE ETF with an 80% weight and iShares MSCI Emerging Markets ETF with a 20% weight
|
| Amount: | $1 million
|
| Maturity: | Nov. 19, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any basket gain, up to maximum settlement amount of $1,178 for each $1,000 of notes; par if the basket falls by up to 20%; 1% loss for every 1% decline beyond 20%
|
| Initial levels: | $62.96 for EAFE ETF, $40.90 for EM ETF
|
| Pricing date: | Nov. 16
|
| Settlement date: | Nov. 21
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.4%
|
| Cusip: | 40056EH43
|
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