By Wendy Van Sickle
Columbus, Ohio, Dec. 10 – GS Finance Corp. priced $1.69 million of leveraged buffered notes due Dec. 3, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus double the index gain up to a maximum settlement amount of $1,205 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the buffer.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered notes
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| Underlying index: | S&P 500
|
| Amount: | $1,689,000
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| Maturity: | Dec.3, 2020
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 200% of any index gain, capped at 20.5%; par if index falls by up to 10%; 1% loss per 1% decline beyond 10%
|
| Initial level: | 2,760.17
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Agent: | Goldman, Sachs & Co. LLC
|
| Fees: | 0.95%
|
| Cusip: | 40056EG36
|
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