By Kiku Steinfeld
Chicago, Nov. 15 – GS Finance Corp. priced $503,000 of 0% underlier-linked notes due March 20, 2024 linked to the iShares Russell 2000 Value exchange-traded fund 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 the return of both underliers is zero or positive, the payout at maturity will be par plus any gain of the lesser-performing underlier, capped at par plus 14%
If one or both underliers fall but both finish at or above 75% of their respective initial levels, the payout will be par plus the absolute value of the return of the lesser performer.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing underlier beyond 25%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
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| Underlying assets: | iShares Russell 2000 Value ETF and Russell 2000 index
|
| Amount: | $503,000
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| Maturity: | March 20, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain of lesser-performing underlier, capped at par plus 14%; if lesser-performing underlier falls by up to 25%, par plus the absolute value of the return of the lesser performer; otherwise, 1% loss for every 1% that lesser-performing underlier declines beyond 25%
|
| Initial levels: | $156.72 for ETF, 1,968.969 for index
|
| Buffer levels: | 75% of initial levels
|
| Pricing date: | March 15
|
| Settlement date: | March 18
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.45%
|
| Cusip: | 40057LHN4
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