By Marisa Wong
Morgantown, W.Va., Oct. 26 – GS Finance Corp. priced $1.25 million of 0% leveraged buffered ETF-linked notes due April 21, 2021 tied to the iShares MSCI EAFE 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 return is positive, the payout at maturity will be par plus 150% of the ETF return, capped at $1,298.50 per $1,000 principal amount. Investors will receive par if the ETF falls by up to 15% and lose 1% for every 1% decline in the ETF beyond 15%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered ETF-linked notes
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| Underlying ETF: | iShares MSCI EAFE ETF
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| Amount: | $1.25 million
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| Maturity: | April 21, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF return is positive, par plus 150% of ETF return, capped at par plus 29.85%; par if ETF falls by up to 15%; 1% loss for every 1% decline in ETF beyond 15%
|
| Initial ETF level: | $63.38
|
| Pricing date: | Oct. 18
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| Settlement date: | Oct. 23
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| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.775%
|
| Cusip: | 40056EBP2
|
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