By Angela McDaniels
Tacoma, Wash., Dec. 9 – GS Finance Corp. priced $196,000 of 0% notes due Dec. 1, 2022 linked to the MSCI Emerging Markets index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
For each index, its initial level will be the lowest of its closing levels on the observation dates, which are the 26th of each month beginning on the pricing date and ending on April 26, 2020.
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the lesser-performing index’s return.
If the final level of either index is less than its initial level but the final level of each index is greater than or equal to 75% of its initial level, the payout will be par.
If the final level of either index is less than 75% of its initial level, investors will lose 1% for every 1% that the lesser-performing index declines beyond 25%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
|
| Underlying indexes: | MSCI Emerging Markets and Euro Stoxx 50
|
| Amount: | $196,000
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| Maturity: | Dec. 1, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of each index is greater than or equal to initial level, par plus lesser-performing index’s return; if final level of either index is less than initial level but final level of each index is greater than or equal to 75% of initial level, par; if final level of either index is less than 75% of initial level, 1% loss for every 1% that lesser-performing index declines beyond 25%
|
| Initial levels: | For each index, lowest of closing levels on observation dates, which are 26th of each month beginning on pricing date and ending on April 26, 2020
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| Pricing date: | Nov. 26
|
| Settlement date: | Dec. 2
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.215%
|
| Cusip: | 40056XMU7
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