By Sarah Lizee
Olympia, Wash., Jan. 30 – GS Finance Corp. priced $792,000 of 0% autocallable ETF-linked notes due Jan. 31, 2023 linked to the lesser performing of the iShares MSCI EAFE ETF and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus an annual call premium of 8.5% if both ETFs finish above their initial levels on any annual call observation date.
If the final values of both funds are greater than their initial values, the payout at maturity will be par plus 25.5%.
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.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable ETF-linked notes
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| Underlying funds: | iShares MSCI EAFE ETF and iShares MSCI Emerging Markets ETF
|
| Amount: | $792,000
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| Maturity: | Jan. 31, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Call: | Automatically at par plus annual 8.5% call premium if both ETFs finish above initial levels on annual call observation date
|
| Payout at maturity: | If both funds finish above initial values, par plus 25.5% call premium; if lesser performing fund finishes above 75%, par, otherwise, full exposure to losses
|
| Initial levels: | $69.49 for EAFE and $44.60 for EM
|
| Trigger buffer levels: | 75% of initial levels
|
| Pricing date: | Jan. 24
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| Settlement date: | Jan. 29
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.45%
|
| Cusip: | 40056YBW3
|
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