By Wendy Van Sickle
Columbus, Ohio, April 8 – GS Finance Corp. priced $465,000 of 0% index-linked notes due March 28, 2024 linked to the S&P 500 index and the Russell 2000 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 value, the payout at maturity will be par plus 200% the return of the lesser-performing index, up to par plus 41.3%.
If either index falls but neither falls by more than 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% that the lesser-performing index declines beyond 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying assets: | S&P 500 index and Russell 2000 index
|
| Amount: | $465,000
|
| Maturity: | March 28, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain in lesser-performing asset, up to par plus 41.3%; par if either index falls but neither falls by more than 10%; 1% loss for every 1% decline in lesser-performing asset beyond 10%
|
| Initial values: | 2,183.121 for Russell and 3,909.52 for S&P
|
| Buffer values: | 90% of initial levels
|
| Pricing date: | March 25
|
| Settlement date: | March 30
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.375%
|
| Cusip: | 40057FSC9
|
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