By Sarah Lizee
Olympia, Wash., Dec. 4 – GS Finance Corp. priced $16.28 million of 0% capped gears due Jan. 30, 2020 linked to the Vanguard FTSE Developed Markets 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 of $10 plus triple any ETF gain, up to a maximum settlement amount of $11.87 per note.
Investors will lose 1% for each 1% ETF decline.
Goldman Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Capped gears
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Underlying ETF: | Vanguard FTSE Developed Markets ETF
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Amount: | $16,282,000
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Maturity: | Jan. 30, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 3 times any ETF gain, capped at $11.87 per note; full exposure to any ETF decline
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Initial ETF price: | $39.50
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Underwriter: | Goldman Sachs & Co. with UBS Financial Services Inc. as selling agent
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Fees: | 2.1%
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Cusip: | 36256M627
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