By Sarah Lizee
Olympia, Wash., March 4 – GS Finance Corp. priced $7.3 million of 0% leveraged buffered notes due Sept. 30, 2020 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.
The payout at maturity will be par plus 200% of any ETF gain, capped at par plus 19.8%.
Investors will receive par if the ETF falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered notes
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Underlying ETF: | iShares MSCI EAFE exchange-traded fund
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Amount: | $7.3 million
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Maturity: | Sept. 30, 2020
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 200% of any ETF gain, capped at par plus 19.8%; par if ETF declines by 10% or less; 1% loss for every 1% drop beyond 10%
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Initial level: | $64.27
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Pricing date: | Feb. 28
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Settlement date: | March 5
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Agents: | Goldman Sachs & Co.
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Fees: | 0.15%
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Cusip: | 40056EXM5
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