By Sarah Lizee
Olympia, Wash., Jan. 4 – GS Finance Corp. priced $15,000 of 0% buffered ETF-linked notes due Jan. 6, 2023 tied to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF return is positive, the payout at maturity will be par plus the ETF gain.
Investors will receive par if the ETF falls by up to 20% and lose 1% for every 1% decline in the ETF beyond 20%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered notes
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $15,000
|
| Maturity: | Jan. 6, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is positive, par plus ETF gain; par if ETF falls by up to 20%; 1% loss for every 1% decline in ETF beyond 20%
|
| Initial value: | $39.16
|
| Pricing date: | Jan. 2
|
| Settlement date: | Jan. 7
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.9%
|
| Cusip: | 40056EHE1
|
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