By Marisa Wong
Morgantown, W.Va., May 13 – GS Finance Corp. priced $14.62 million of 0% capped gears due June 30, 2020 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.
If the fund finishes above its initial level, the payout at maturity will be par plus 3 times the gain.
Investors will be fully exposed to losses.
Goldman, Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Capped gears
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $14,618,000
|
| Maturity: | June 30, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the fund finishes above its initial level, par plus 3 times the gain; full exposure to any fund decline
|
| Initial price: | $43.71
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Underwriter: | Goldman, Sachs & Co. with UBS Financial Services Inc. as selling agent
|
| Fees: | 2.1%
|
| Cusip: | 36257D535
|
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