By Marisa Wong
Los Angeles, Oct. 5 – GS Finance Corp. priced $271,000 of 0% leveraged buffered index-linked notes due March 30, 2023 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes above its initial level, the payout at maturity will be par plus 2 times the gain, subject to a maximum payout of par plus 16%.
If the index finishes flat or falls by up to 10%, investors will receive par. Otherwise, investors will lose 1% for every 1% index decline beyond 10%.
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 buffered index-linked notes
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| Underlying index: | Russell 2000 index
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| Amount: | $271,000
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| Maturity: | March 30, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any index gain, capped at par plus 16%; par if index finishes flat or falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 1,474.908
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.935%
|
| Cusip: | 40057CR52
|
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