By Marisa Wong
Los Angeles, Jan. 27 – GS Finance Corp. priced $1.91 million of 0% leveraged buffered notes due Jan. 27, 2022 tied 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 2 times the gain, up to a maximum payout of $1,210 per $1,000 principal amount.
If the ETF finishes flat or falls by up to 10%, investors will receive par. Otherwise, investors will lose 1% for every 1% decline beyond 10%.
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 buffered notes
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Underlying ETF: | iShares MSCI Emerging Markets ETF
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Amount: | $1,908,000
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Maturity: | Jan. 27, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If ETF return is positive, par plus 2 times the gain, with payout capped at par plus 21%; if ETF finishes flat or falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
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Initial ETF level: | $45.06
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Pricing date: | Jan. 22
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Settlement date: | Jan. 27
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.425%
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Cusip: | 40056YBA1
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