By Wendy Van Sickle
Columbus, Ohio, March 1 – GS Finance Corp. priced $3.26 million of 0% underlier-linked notes due Feb. 27, 2023 linked to the Euro Stoxx 50 index and 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.
If the return of each underlier is positive, the payout at maturity will be par plus 3.12 times the gain of the lesser performing asset.
If either underlier falls by up to 45%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the lesser performing underlier.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Fixed coupon underlier-linked notes
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| Underlying assets: | Euro Stoxx 50 index, iShares MSCI EAFE ETF
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| Amount: | $3.26 million
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| Maturity: | Feb. 27, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 3.12 times any gain of lesser performing underlier; par if either underlier falls by up to 45%; otherwise, full exposure to decline of laggard underlier
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| Initial levels: | 3,431.99 for index and $70.78 for ETF
|
| Pricing date: | Feb. 22
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| Settlement date: | Feb. 27
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 1.475%
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| Cusip: | 40055AMF1
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