By William Gullotti
Buffalo, N.Y., Aug. 6 – GS Finance Corp. priced $530,000 of 0% leveraged buffered ETF-linked notes due Dec. 12, 2022 tied to the iShares MSCI EAFE ETF, 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, investors will receive par plus twice the ETF gain, capped at $1,104.50 per $1,000 principal amount of notes.
If the ETF return is flat or falls by up to 10%, investors will receive par. 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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Issue: | Leveraged buffered ETF-linked notes
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Underlying ETF: | iShares MSCI EAFE ETF
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Amount: | $530,000
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Maturity: | Dec. 12, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus twice the ETF gain, capped at par plus 10.45%; if ETF return is flat or falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
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Initial ETF level: | $81.95
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Buffer level: | 90% of initial level
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Pricing date: | June 7
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Settlement date: | June 10
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Agent: | Goldman Sachs & Co. LLC
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Fees: | None
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Cusip: | 40057HK33
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