By Wendy Van Sickle
Columbus, Ohio, Sept. 19 – GS Finance Corp. priced $616,000 of 0% digital underlier-linked notes due Sept. 21, 2021 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 the return of each underlier is greater than or equal to its initial level, the payout at maturity will be the greater of $1,250 for each $1,000 of notes and par plus 1.25 times the return of the lesser performing underlier.
If either underlier falls by up to 20%, investors will receive par.
Investors will be exposed to any decline of the lesser performing underlier beyond 20%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Digital underlier-linked notes
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| Underliers: | iShares MSCI EAFE exchange-traded fund and iShares MSCI Emerging Markets exchange-traded fund
|
| Amount: | $616,000
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| Maturity: | Sept. 21, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of each underlier is greater than or equal to its initial level, par plus greater of 25% and 1.25 times return of lesser-performing underlier; if either underlier falls by up to 20%, par; exposure to any decline of lesser performing underlier beyond 20%
|
| Initial levels: | $66.76 for EAFE, $41.96 for Emerging Markets
|
| Pricing date: | Sept. 14
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| Settlement date: | Sept. 21
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 40055QUX8
|
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