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.
|
| Issue: | Leveraged notes
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $5.01 million
|
| Maturity: | April 2, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 44.6%; exposure to any losses
|
| Initial level: | $32.77
|
| Pricing date: | Dec. 28
|
| Settlement date: | Jan. 5
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.675%
|
| Cusip: | 38148TKU2
|
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