By William Gullotti
Buffalo, N.Y., Aug. 16 – GS Finance Corp. priced $1.43 million of 0% leveraged buffered ETF-linked notes due July 28, 2025 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 200% of the ETF gain, subject to a maximum payout of par plus 26%.
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: | $1,432,000
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| Maturity: | July 28, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of the ETF gain, capped at par plus 26%; 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: | $74.44
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| Buffer level: | 90% of initial level
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| Pricing date: | July 28
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| Settlement date: | Aug. 2
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.1%
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| Cusip: | 40057TQK3
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