By Marisa Wong
Morgantown, W.Va., May 13 – GS Finance Corp. priced $706,000 of 0% leveraged buffered index-linked notes due April 30, 2024 tied 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 1.4 times the index gain.
If the index finishes flat or falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% index decline beyond 20%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered index-linked notes
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| Underlying index: | MSCI EAFE index
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| Amount: | $706,000
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| Maturity: | April 30, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.4 times any index gain; par if index finishes flat or falls by up to 20%; otherwise, 1% loss for every 1% index decline beyond 20%
|
| Initial index level: | 1,910.87
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 3.67%
|
| Cusip: | 40056F6P5
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