By Marisa Wong
Los Angeles, Sept. 2 – GS Finance Corp. priced $17 million of 0% leveraged ETF-linked notes due Sept. 29, 2022 tied to the iShares MSCI India exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF finishes above its initial value, the payout at maturity will be par plus 2 times the ETF gain, capped at $1,108.40 per $1,000 principal amount.
Investors will be fully exposed to any ETF decline.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged ETF-linked notes
|
| Underlying ETF: | iShares MSCI India ETF
|
| Amount: | $17 million
|
| Maturity: | Sept. 29, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any ETF gain, capped at par plus 10.84%; full exposure to losses
|
| Initial value: | $47.57
|
| Pricing date: | Aug. 27
|
| Settlement date: | Sept. 3
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.85%
|
| Cusip: | 40057JCQ7
|
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