By Susanna Moon
Chicago, Oct. 17 – GS Finance Corp. priced $1.66 million of 0% trigger step securities due Sept. 30, 2022 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its initial level, the payout at maturity will be par plus the greater of any gain and the step return of 39%.
If the fund falls by up to 25%, the payout will be par.
If the fund finishes below the 75% downside threshold, investors will lose 1% for each 1% decline.
The guarantor is Goldman Sachs Group, Inc.
UBS Financial Services Inc. and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger step securities
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| Underlying index: | iShares MSCI Emerging Markets ETF
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| Amount: | $1,655,880
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| Maturity: | Sept. 30, 2022
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If fund gains, par plus greater of return and 39%; if fund falls by up 25%, par; otherwise, par plus return with 1% loss per 1% decline
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| Initial level: | $42.91
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| Trigger level: | $32.18, 75% of initial level
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 28
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| Agents: | UBS Financial Services Inc. and Goldman Sachs & Co. LLC
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| Fees: | 0.3%
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| Cusip: | 36255U794
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