By Marisa Wong
Morgantown, W.Va., Jan. 7 – Goldman Sachs Group, Inc. priced $5.01 million of leveraged notes due April 2, 2018 tied to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum payout of $1,446 per $1,000 of notes.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged notes
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Underlying fund: | iShares MSCI Emerging Markets ETF
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Amount: | $5.01 million
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Maturity: | April 2, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any fund gain, capped at 44.6%; exposure to any losses
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Initial level: | $32.77
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Pricing date: | Dec. 28
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Settlement date: | Jan. 5
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.675%
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Cusip: | 38148TKU2
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