By Kiku Steinfeld
Chicago, Jan. 7 – GS Finance Corp. priced $1.26 million of 0% index-linked notes due Jan. 5, 2024 tied to the Euro Stoxx 50 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index closes at or above 80% of its initial level, the payout will be par the greater of the return of the lesser performing index and 18.7%.
If either index falls below 80% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the lesser performing index.
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: | Index-linked notes
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| Underlying indexes: | Euro Stoxx 50 index and MSCI EAFE index
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| Amount: | $1.26 million
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| Maturity: | Jan. 5, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index closes at or above 80% of its initial level, par plus greater of the return of the lesser performing index and 18.7%; if either index falls below 80% of its initial level, par; otherwise, investors will lose 1% for every 1% decline of the lesser performing index
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| Initial index levels: | 3,571.59 for Stoxx, 2,161.48 for EAFE
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| Trigger buffer levels: | 80% of initial levels
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| Pricing date: | Dec. 30
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| Settlement date: | Jan. 5
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 40057EYX9
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