By Sarah Lizee
Olympia, Wash., April 18 – GS Finance Corp. priced $2.62 million of 0% underlier-linked notes due April 20, 2023 linked to the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of both underliers is positive, the payout at maturity will be par plus 170% of the gain of the lesser-performing underlier.
If one or both underliers fall, but both finish above 60% of their respective initial levels, the payout will be par plus the absolute return of the lesser performing asset.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing underlier from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
| Amount: | $2.62 million
|
| Maturity: | April 20, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 170% of any gain of lesser performing asset; if lesser performing asset falls by up to 40%, plus the absolute return of the lesser performing asset; full exposure to decline of either asset falls by more than 40%
|
| Initial levels: | $44.46 for ETF, 3,463.36 for index
|
| Pricing date: | April 16
|
| Settlement date: | April 22
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.85%
|
| Cusip: | 40056FBT1
|
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