By Wendy Van Sickle
Columbus, Ohio, Jan. 29 – GS Finance Corp. priced $500,000 of 0% leveraged notes due Jan. 27, 2023 linked to a basket of one index and one exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P MidCap 400 index and the iShares MSCI Emerging Markets ETF, each with a 50% weight.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the basket return is positive, the payout at maturity will be par plus 1.32 times the basket return.
Par if basket falls by up to 15%. Otherwise, investors will share in any losses of the basket.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged notes
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| Basket components: | iShares MSCI EAFE Emerging Markets ETF (50% weight) and S&P MidCap 400 index (50% weight)
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| Amount: | $500,000
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| Maturity: | Jan. 27, 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 1.32 times the basket return; par if basket falls by up to 15%; otherwise, full exposure to losses
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| Initial index levels: | 1,987.74 for index and $51.40 ETF
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| Pricing date: | Jan. 24
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| Settlement date: | Jan. 29
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| Agent: | Goldman Sachs & Co.
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| Fees: | 0.55%
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| Cusip: | 40055AG92
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