By Sarah Lizee
Olympia, Wash., May 30 – GS Finance Corp. priced $5.53 million of 0% leveraged buffered notes due Nov. 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 150% of any ETF gain, capped at par plus 15.65%.
Investors will receive par if the ETF falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying ETF: | iShares MSCI EAFE exchange-traded fund
|
| Amount: | $5,525,000
|
| Maturity: | Nov. 30, 2020
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 150% of any ETF gain, capped at par plus 15.65%; par if ETF declines by 20% or less; 1.25% loss for every 1% drop beyond 20%
|
| Initial level: | $64.09
|
| Pricing date: | May 24
|
| Settlement date: | May 30
|
| Agents: | Goldman Sachs & Co. LLC
|
| Fees: | 0.15%
|
| Cusip: | 40056FJY2
|
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