By Sarah Lizee
Olympia, Wash., June 26 – GS Finance Corp. priced $500,000 of 0% buffered notes due July 3, 2023 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 ETF return is positive, the payout at maturity will be par plus any gain.
If the ETF return is flat or falls by up to 20%, investors will receive par. Investors will lose 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered notes
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $500,000
|
| Maturity: | July 3, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain; par if the ETF falls by up to 20%; 1% loss for every 1% decline beyond 20%
|
| Initial level: | $42.71
|
| Pricing date: | June 24
|
| Settlement date: | July 1
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.3%
|
| Cusip: | 40056FP82
|
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