By Wendy Van Sickle
Columbus, Ohio, Nov. 28 – GS Finance Corp. priced $1 million of 0% leveraged buffered index-linked notes due May 21, 2021 tied to the iShares MSCI EAFE 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 150% of the fund return up to a maximum settlement amount of 133.6% of the face amount. Investors will receive par if the fund falls by up to 15% and lose 1% for every 1% decline in the fund beyond 15%.
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 index-linked notes
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| Underlying fund: | iShares MSCI EAFE ETF
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| Amount: | $1 million
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| Maturity: | May 21, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund return is positive, par plus 150% of return up to a maximum settlement amount of 133.6% of the face amount; par if fund falls by up to 15%; 1% loss for every 1% decline in fund beyond 15%
|
| Initial level: | $61.78
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| Pricing date: | Nov. 23
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| Settlement date: | Nov. 28
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.775%
|
| Cusip: | 40056EHK7
|
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