By Marisa Wong
Morgantown, W.Va., June 3 – GS Finance Corp. priced $1.58 million of 0% leveraged buffered ETF-linked notes due Oct. 30, 2020 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 3 times the ETF gain, capped at par plus 17.25%. Investors will receive par if the ETF falls by up to 10% and lose 1% for every 1% decline in the ETF beyond 10%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered ETF-linked notes
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| Underlying ETF: | iShares MSCI Emerging Markets ETF
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| Amount: | $1.58 million
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| Maturity: | Oct. 30, 2020
|
| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF return is positive, par plus 3 times the ETF gain, capped at par plus 17.25%; par if the ETF falls by up to 10%; 1% loss for every 1% decline in the ETF beyond 10%
|
| Initial value: | $41.73
|
| Pricing date: | May 9
|
| Settlement date: | May 14
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.7%
|
| Cusip: | 40056FE84
|
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