By Marisa Wong
Los Angeles, June 21 – GS Finance Corp. priced $590,000 of 0% index-linked notes due April 13, 2022 to the S&P 500 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, capped at par plus 10%.
If the index falls but finishes at or above 84.15% of the initial level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to the index decline from the initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $590,000
|
| Maturity: | April 13, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 10%; if index falls but finishes at or above 84.15% of initial level, par plus absolute value of index return; otherwise, full exposure to losses from initial level
|
| Initial index level: | 3,974.54
|
| Final level: | Average of index closing levels on five trading days ending April 8, 2022
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057FTU8
|
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