By Wendy Van Sickle
Columbus, Ohio, July 31 – GS Finance Corp. priced $1.55 million of 0% leveraged buffered ETF-linked notes due July 29, 2025 tied to the iShares MSCI Emerging Markets ETF, 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, investors will receive par plus 2 times the ETF gain, capped at par plus 31%.
If the ETF return is flat or falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered ETF-linked notes
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $1,549,000
|
| Maturity: | July 29, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times the ETF gain, capped at par plus 31%; if ETF return is flat or falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
|
| Initial ETF level: | $40.87
|
| Buffer level: | 90% of initial level
|
| Pricing date: | July 24
|
| Settlement date: | July 27
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 40057TMR2
|
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