By Sarah Lizee
Olympia, Wash., April 9 – GS Finance Corp. priced $1.68 million of 0% leveraged buffered notes due Oct. 8, 2020 linked to a basket of two 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 a weight of 60% and the iShares MSCI Emerging Markets ETF with a weight of 40%.
The payout at maturity will be par plus 1.5 times any basket gain up to a maximum payout of $1,210.75 per $1,000 principal amount.
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. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying assets: | iShares MSCI EAFE ETF (60% weight) and iShares MSCI Emerging Markets ETF (40% weight)
|
| Amount: | $1,675,000
|
| Maturity: | Oct. 8, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any basket gain up to a maximum payout of $1,210.75 per $1,000 principal amount; par if the basket falls by up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial levels: | $66.25 for EAFE and $44.40 for EM
|
| Pricing date: | April 5
|
| Settlement date: | April 10
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.1%
|
| Cusip: | 40056FBA2
|
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