By William Gullotti
Buffalo, N.Y., Aug. 12 – GS Finance Corp. priced $8.61 million of 0% capped airbag gears due Aug. 14, 2024 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum settlement amount of 29.45%.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% that the index declines beyond 15%.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Capped airbag gears
|
| Underlying index: | MSCI EAFE
|
| Amount: | $8,605,100
|
| Maturity: | Aug. 14, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 29.45%; par if the index falls by up to 15%; otherwise, 1.1765% loss for each 1% index decline beyond 15%
|
| Initial level: | 1,932.0
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Aug. 9
|
| Settlement date: | Aug. 12
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Selling agent: | UBS Financial Services Inc.
|
| Fees: | 0%
|
| Cusip: | 36264Q248
|
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