By Kiku Steinfeld
Chicago, Jan. 5 – GS Finance Corp. priced $8 million of 0% trigger step securities due Jan. 4, 2030 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the index return and 48%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to all losses if the index finishes below the 75% downside threshold level.
Goldman Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger step securities
|
| Underlying index: | S&P 500 index
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| Amount: | $8,000,000
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| Maturity: | Jan. 4, 2030
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above the initial level, par plus the greater of the index return and 48%; par if the index falls by up to 25%; full exposure to losses if the index finishes below the 75% downside threshold level
|
| Initial index level: | 3,727.04
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| Pricing date: | Dec. 29
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| Settlement date: | Dec. 31
|
| Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | 3.4%
|
| Cusip: | 36259U253
|
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