By Wendy Van Sickle
Columbus, Ohio, March 7 – GS Finance Corp. priced $500,000 of 0% leveraged buffered notes due March 4, 2022 linked 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.
The payout at maturity will be par plus any ETF gain, capped at par plus 45%.
Investors will receive par if the ETF falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered notes
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| Underlying ETF: | iShares MSCI Emerging Markets exchange-traded fund
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| Amount: | $500,000
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| Maturity: | March 4, 2022
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| Coupon: | 0%
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| Price: | Par of $1,000
|
| Payout at maturity: | Par plus any ETF gain, capped at par plus 45%; par if ETF declines by 15% or less; 1% loss for every 1% drop beyond 15%
|
| Initial level: | $42.49
|
| Pricing date: | March 1
|
| Settlement date: | March 8
|
| Agents: | Goldman Sachs & Co.
|
| Fees: | 0.675%
|
| Cusip: | 40056EXL7
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