Chicago, March 24 – GS Finance Corp. priced $671,000 of 0% leveraged buffered basket-linked notes due March 13, 2026 tied to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the iShares MSCI EAFE ETF (50% weight) and the iShares MSCI Emerging Markets ETF (50% weight).
The notes are guaranteed by Goldman Sachs Group, Inc.
If the basket return is positive, the payout at maturity will be par plus 1.6 times the basket return.
If the basket return is zero or negative but not less than negative 20%, the payout will be par plus the absolute basket return.
Investors will lose 1% for every 1% decline in the basket beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered basket-linked notes
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| Underlying basket: | iShares MSCI EAFE ETF (50% weight) and the iShares MSCI Emerging Markets ETF (50% weight).
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| Amount: | $671,000
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| Maturity: | March 13, 2026
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| Price: | Par
|
| Payout at maturity: | If the basket return is positive, par plus 1.6 times the basket return; if basket falls by up to 20%, par plus absolute basket return; 1% loss for every 1% decline in the basket beyond 20%
|
| Initial levels: | $56.96 for EAFE, $37.39 for EM
|
| Buffer level: | 80% of initial basket level
|
| Pricing date: | March 10
|
| Settlement date: | March 13
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.625%
|
| Cusip: | 40056YTR5
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