By William Gullotti
Buffalo, N.Y., Feb. 15 – GS Finance Corp. priced $1.56 million of 0% buffered notes due Aug. 15, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The fixed coupon will be paid annually.
The equally-weighted basket consists of the MSCI EAFE index and the MSCI Emerging Markets index.
The payout at maturity will be par plus 150% of the basket return, subject to a maximum payout of par plus 22.2%.
Investors will receive par if the basket finishes flat or falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered basket-linked notes
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| Underlying indexes: | MSCI EAFE index, MSCI Emerging Markets index; equal weights
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| Amount: | $1.56 million
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| Maturity: | Aug. 15, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus 150% of the basket return capped at 22.2%; if basket finishes flat or declines by up to 10%, par; otherwise, 1% loss for every 1% decline beyond 10%
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| Initial levels: | 2,298.54 for EAFE, 1,251.09 for Emerging
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| Buffer levels: | 90% of initial levels
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| Pricing date: | Feb. 10
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| Settlement date: | Feb. 15
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | None
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| Cusip: | 40057L2U4
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