By Sarah Lizee
Olympia, Wash., Nov. 5 – GS Finance Corp. priced $259,000 of 0% leveraged notes due Nov. 3, 2023 linked to a basket of indexes and a fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket consists of the S&P 500 index with a 40% weight, the Russell 2000 index with a 20% weight, the Euro Stoxx 50 index with a 20% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.
The payout at maturity will be par plus 140% of any basket gain.
Investors will receive par if the basket declines by up to 40%.
Otherwise, investors will be exposed to any losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged notes
|
| Underlying assets: | S&P 500 (40% weight), Russell 2000 index (20% weight), Euro Stoxx 50 index (20% weight) and iShares MSCI Emerging Markets ETF (20% weight)
|
| Amount: | $259,000
|
| Maturity: | Nov. 3, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 140% of any basket gain; par if the basket declines by up to 40%; 1% loss for each 1% decline if basket falls by more than 40%
|
| Initial levels: | 2,711.74 for S&P, 1,511.413 for Russell, 3,197.51 for Stoxx, $39.16 for ETF
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 5
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.675%
|
| Cusip: | 40056E6G8
|
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