By William Gullotti
Buffalo, N.Y., Jan. 8 – GS Finance Corp. priced $1.74 million of 0% buffered index-linked notes due Jan. 2, 2026 based on the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus any index gain, up to the maximum settlement amount of $1,160 per $1,000 principal amount of notes.
If the index falls by up to 20%, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1% for every 1% decline beyond 20%.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered index-linked notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $1.74 million
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| Maturity: | Jan. 2, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped $1,160 per $1,000 principal amount of notes; if index falls by up to 20%, par plus absolute return of index; 1% loss for every 1% decline beyond 20%
|
| Initial index level: | 2,058.335
|
| Buffer level: | 80% of initial level
|
| Pricing date: | Dec. 28
|
| Settlement date: | Jan. 3
|
| Agent: | Goldman, Sachs & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 40057XMC6
|
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