By Sarah Lizee
Olympia, Wash., Dec. 26 – GS Finance Corp. priced $3.52 million of 0% leveraged buffered notes due May 29, 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 SPDR S&P MidCap 400 ETF trust with a 60% weight and the iShares Russell 2000 ETF with a 40% weight.
The payout at maturity will be par plus 1.5 times any basket gain up to a maximum settlement amount of $1,199.5 for each $1,000 of notes.
Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying assets: | SPDR S&P MidCap 400 ETF trust with a 60% weight and iShares Russell 2000 ETF with a 40% weight
|
| Amount: | $3,522,000
|
| Maturity: | May 29, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any basket gain, up to maximum settlement amount of $1,199.5 for each $1,000 of notes; par if the basket falls by up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial levels: | $292.88 for MidCap ETF, $128.37 for Russell ETF
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 27
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.1%
|
| Cusip: | 40056EMV7
|
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