By William Gullotti
Buffalo, N.Y., Dec. 1 – GS Finance Corp. priced $7.28 million of 0% barrier absolute return market-linked notes with daily barrier observation due Oct. 12, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
A barrier event will occur if the index closes above the upper barrier, 122.16% of the initial level, or below the lower barrier, 77.84% of the initial level, during the life of the notes.
If a barrier event occurs, the payout at maturity will be par plus 1%.
If no barrier event occurs, investors will receive par plus the absolute value of the index return.
Goldman Sachs & Co. LLC and UBS Financial Services Inc. are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Barrier absolute return market-linked notes with daily barrier observation
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| Underlying index: | S&P 500 index
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| Amount: | $7.28 million
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| Maturity: | Oct. 12, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index closes above the upper barrier or below the lower barrier on any trading day during the life of the notes (a barrier event), par plus 1%; if index does not close above the upper barrier or below the lower barrier during the life of the notes, par plus the absolute value of the index return
|
| Initial level: | 3,639.66
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| Upper barrier: | 122.16% of initial level
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| Lower barrier: | 77.84% of initial level
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| Pricing date: | Oct. 7
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| Settlement date: | Oct. 13
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| Agents: | Goldman Sachs & Co. LLC and UBS Financial Services Inc.
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| Fees: | 1.25%
|
| Cusip: | 40057NHF7
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