By Wendy Van Sickle
Columbus, Ohio, April 9 – GS Finance Corp. priced $1.92 million of 0% index-linked notes due April 3, 2025 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout will be par plus 1.475 times the return of the lesser performing index.
If worst-performing index falls by up to50%, the payout will be par.
Investors will be fully exposed to the loss of the worst-performing index if it falls by more than 50%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $1,917,000
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| Maturity: | April 3, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 1.475 times the return of the lesser performing index; par if worst-performing index falls by up to 50%; exposure to losses if worst performing index falls by more than 50%
|
| Initial levels: | 1,153.103 for Russell, 2,584.59 for S&P
|
| Pricing date: | March 31
|
| Settlement date: | April 3
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.06%
|
| Cusip: | 40056YMS0
|
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