By Sarah Lizee
Olympia, Wash., Dec. 3 – GS Finance Corp. priced $720,000 of 0% leveraged buffered fund-linked notes due May 21, 2021 tied to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the fund return is positive, the payout at maturity will be par plus double the fund return, subject to a maximum payment of $1,123.50 per $1,000 principal amount.
If the fund falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline in the fund beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged buffered ETF-linked notes
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| Underlying fund: | iShares MSCI EAFE ETF
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| Amount: | $720,000
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| Maturity: | May 21, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If fund return is positive, par plus double fund return, subject to maximum payment of $1,123.50 per $1,000 principal amount; par if fund falls by up to 15%, 1% loss for every 1% fund decline beyond 15%
|
| Initial fund level: | $68.40
|
| Pricing date: | Nov. 18
|
| Settlement date: | Nov. 21
|
| Agent: | Goldman, Sachs & Co. LLC
|
| Fees: | 0.15%
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| Cusip: | 40056XPQ3
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