By Kiku Steinfeld
Chicago, Sept. 23 – GS Finance Corp. priced $2 million of 0% leveraged index-linked notes due Sept. 21, 2023 tied 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 3 times any index gain, subject to a maximum settlement amount of $1,263 per $1,000 principal amount of notes.
If the index falls by up to 25%, the payout will be par.
If the index falls by more than 25%, investors will be fully exposed to the decline.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $2 million
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| Maturity: | Sept. 21, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 3 times any index gain, up to $1,263 per $1,000 principal amount of notes; if the index falls by up to 25%, par; if the index falls by more than 25%, investors will be fully exposed to the decline
|
| Initial index level: | 3,385.49
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| Trigger level: | 75% of initial level
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| Pricing date: | Sept. 16
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| Settlement date: | Sept. 21
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3%
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| Cusip: | 40057CVE8
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