By William Gullotti
Buffalo, N.Y., Nov. 21 – GS Finance Corp. priced $1.22 million of 0% buffered digital index-linked notes due Sept. 26, 2025 linked 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.
If the index finishes flat or positive, the payout at maturity will be par plus 39.35%.
Investors will receive par if the index declines up to 15% and will lose 1% for every 1% that the index declines beyond 15%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered digital index-linked notes
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| Underlying index: | Russell 2000 index
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| Amount: | $1.22 million
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| Maturity: | Sept. 26, 2025
|
| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If the final index level is greater or equal to its initial level, par plus 39.35%; if the index falls by up to 15%, par; otherwise, 1% loss for every 1% decline beyond 15%
|
| Initial index level: | 1,722.31
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| Buffer value: | 85% of initial level
|
| Strike date: | Sept. 22
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| Pricing date: | Sept. 23
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| Settlement date: | Sept. 28
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.1%
|
| Cusip: | 40057ND46
|
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