By Wendy Van Sickle
Columbus, Ohio, Feb. 25 – GS Finance Corp. priced $50,000 of 0% leveraged index-linked notes due Aug. 28, 2024 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.
The payout at maturity will be par plus 1.25 times any index gain, up to a maximum settlement amount of $1,430 per $1,000 note.
Investors will receive par plus the absolute value of index return if the index declines by up to 20%.
If the final value of the index is below 80% of its initial level, investors will be fully exposed to the decline of the 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: | Leveraged index-linked notes
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| Underlying index: | Russell 2000 index
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| Amount: | $50,000
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| Maturity: | Aug. 28, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.25 times any index gain, up to a maximum settlement amount of $1,430 per $1,000 note; par plus absolute value of index return if the index declines by up to 20%; full exposure to losses if index finishes below 80% of initial level
|
| Initial index level: | 1,678.609
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| Pricing date: | Feb. 21
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| Settlement date: | Feb. 28
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.05%
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| Cusip: | 40056YJU9
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