By William Gullotti
Buffalo, N.Y., Nov. 15 – GS Finance Corp. priced $4.39 million of 0% absolute return trigger index-linked notes due Nov. 14, 2025 linked to the Russell 1000 index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event will occur if the index’s closing level is greater than 20% or less than 25% of its initial level on any trading day during the life of the notes.
If a barrier event has occurred, the payout at maturity will be par plus 10%.
If a barrier event has not occurred, the payout will be the greater of par plus 10% and par plus the absolute value of the index return.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Absolute return trigger index-linked notes
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| Underlying index: | Russell 1000 index
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| Amount: | $4,389,000
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| Maturity: | Nov. 14, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index increases by more than 20% or decreases by more than 25% on any day during the life of the notes, par plus 10%; otherwise, the greater of par plus 10% and par plus absolute value of the return
|
| Initial level: | 2,411.292
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 15
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 40057WYG6
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