By Marisa Wong
Morgantown, W.Va., April 6 – GS Finance Corp. priced $1.28 million of 0% trigger gears due March 31, 2021 linked 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.
If the ETF return is positive, the payout at maturity will be par plus 1.475 times the ETF gain.
If the ETF finishes at or below the initial level but at or above the downside threshold, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the ETF decline.
Goldman, Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger gears
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $1,281,700
|
| Maturity: | March 31, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.475 times any ETF gain; par if ETF finishes at or below the initial level but at or above downside threshold; otherwise, full exposure to ETF decline
|
| Initial price: | $69.16
|
| Pricing date: | March 26
|
| Settlement date: | March 29
|
| Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | 0.25%
|
| Cusip: | 36254G234
|
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