By Kiku Steinfeld
Chicago, Feb. 3 – GS Finance Corp. priced $1.57 million of 0% market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside due Sept. 3, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 120% of any gain in the index.
If the index falls but not beyond 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond 10%.
Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,572,000
|
| Maturity: | Sept. 3, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 120% of any gain; par if index falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
|
| Initial level: | 4,196.41
|
| Barrier level: | 90% of initial level
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 3
|
| Agents: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
|
| Fees: | 3.325%
|
| Cusip: | 40057HYS3
|
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