By Sarah Lizee
Olympia, Wash., Dec. 6 – GS Finance Corp. priced $884,000 of 0% ETF-linked notes due Nov. 28, 2023 linked to the lesser performing of the iShares MSCI EAFE ETF and the iShares MSCI ACWI ex U.S. ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final values of both funds are greater than their initial values, the payout at maturity will be par plus the return of the lesser performing fund.
If either fund finishes below its initial value but above 75% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the lesser performing fund beyond 25%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | ETF-linked notes
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| Underlying funds: | iShares MSCI EAFE ETF and iShares MSCI ACWI ex U.S. ETF
|
| Amount: | $884,000
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| Maturity: | Nov. 28, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If both funds finish above initial values, par plus return of lesser performing fund; if lesser performing fund finishes above 75%, par, otherwise, exposure to losses beyond 25%
|
| Initial levels: | Lowest of the closing levels of ETFs on the monthly observation dates ending on April 20, 2020
|
| Trigger buffer levels: | 75% of initial levels
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| Pricing date: | Nov. 22
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| Settlement date: | Nov. 27
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.8%
|
| Cusip: | 40056XQH2
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