By Wendy Van Sickle
Columbus, Ohio, April 6 – GS Finance Corp. priced $502,000 of 0% buffered index-linked notes due March 31, 2028 based on the performance of the Euro Stoxx 50 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 1.33 times any index gain.
If the index falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 30%.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $502,000
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| Maturity: | March 31, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.33 times any index gain; if index falls by up to 30%, par; 1% loss for every 1% decline beyond 30%
|
| Initial index level: | 4,168.21
|
| Buffer level: | 70% of initial level
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agent: | Goldman, Sachs & Co. LLC
|
| Fees: | 3.73%
|
| Cusip: | 40057PWV0
|
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