By Susanna Moon
Chicago, July 11 – GS Finance Corp. priced $815,500 of 0% trigger gears due July 2, 2020 tied to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par of $10 plus 1.35 times any gain in the fund.
Investors will receive par if the fund falls by up to 25% and will lose 1% for each 1% decline if the fund finishes below its 75% trigger level.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger gears
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| Underlying fund: | iShares MSCI EAFE ETF
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| Amount: | $815,500
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| Maturity: | July 2, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 1.35 times any fund gain; par if fund declines by 25% or less; 1% loss for each 1% decline if fund drops below 75% trigger
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| Initial level: | $65.24
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| Downside threshold: | $48.93, 75% of initial price
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| Pricing date: | June 27
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| Settlement date: | June 30
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 0.25%
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| Cusip: | 36253M182
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