By Wendy Van Sickle
Columbus, Ohio, July 18 – GS Finance Corp. priced $2.2 million of 0% underlier-linked notes due Jan. 17, 2020 linked to the iShares MSCI EAFE exchange-traded fund and 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 each ETF gains, the payout at maturity will be par plus 2.5 times the gain of the lesser performing ETF.
If either ETF falls, but neither by more than 30%, the payout will be par.
If either ETF falls by more than 30%, investors will be fully exposed to the loss of the lesser performing ETF.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying ETF’s: | iShares MSCI EAFE and iShares MSCI Emerging Markets
|
| Amount: | $2,201,000
|
| Maturity: | Jan. 17, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.5 times any gain of lesser performing ETF; par if lesser performing ETF falls by up to 30%; full exposure to decline of lesser performing ETF, if either ETF falls by more than 30%
|
| Initial levels: | $57.24 for iShares MSCI EAFE; $35.76 for iShares MSCI Emerging Markets
|
| Pricing date: | July 14
|
| Settlement date: | July 19
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 1.5%
|
| Cusip: | 40054KG42
|
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