By Susanna Moon
Chicago, Oct. 19 – GS Finance Corp. priced $1.54 million of 0% notes due Oct. 6, 2023 tied to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying fund finishes above its initial, the payout at maturity will be par the greater of the gain and the threshold settlement amount of $1,540 for each $1,000 principal amount.
If the asset falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Notes
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| Underlying fund: | iShares MSCI EAFE ETF
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| Amount: | $1,535,000
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| Maturity: | Oct. 6, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If asset gains, par plus greater of return and par plus 54%; if asset falls by up to 30%, par; otherwise, 1% loss for each 1% decline
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| Initial level: | $68.69, closing level on Sept. 26
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| Trigger level: | 70% of initial level
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| Pricing date: | Sept. 27
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| Settlement date: | Oct. 1
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.85%
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| Cusip: | 40056E3C0
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