By Wendy Van Sickle
Columbus, Ohio, July 10 – GS Finance Corp. priced $900,000 of 0% leveraged notes due July 5, 2024 linked to a basket of indexes and an ETF, 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 Euro Stoxx 50 index with a 60% weight, the Nikkei 225 index with a 20% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.
If the basket return is positive, the payout at maturity will be par plus 185% of the basket return.
If the basket declines by up to 40%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the basket from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged notes
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| Underlying indexes: | Euro Stoxx 50 index (60% weight), Nikkei 225 index (20% weight) and iShares MSCI Emerging Markets ETF (20% weight)
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| Amount: | $900,000
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| Maturity: | July 5, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus 185% of the basket return; if the basket declines by up to 40%, par; otherwise, investors will lose 1% for each 1% decline of the basket from its initial level
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| Initial levels: | 21,729.97 for Nikkei, 3,497.59 for Stoxx and $43.42 for ETF
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| Pricing date: | July 1
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| Settlement date: | July 5
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.7%
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| Cusip: | 40056FSV8
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