By Susanna Moon
Chicago, Dec. 18 – GS Finance Corp. priced $683,000 of 0% index-linked notes due Nov. 27, 2023 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par the threshold settlement amount of $1,400 per $1,000 principal amount.
If either index falls but finishes at or above its 60% threshold, the payout at maturity will be par plus the absolute value of the return of the worse performing index.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
The guarantor is Goldman Sachs Group, Inc.
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: | Notes
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $683,000
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| Maturity: | Nov. 27, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, par plus 40%; if either index falls by up to 40%, par plus absolute return of worse performing index; otherwise, 1% loss for each 1% decline of worse performing index
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| Initial levels: | 1,492.855 for Russell and 2,682.17 for S&P
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| Thresholds: | 60% of initial levels
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| Pricing date: | Nov. 27
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| Settlement date: | Nov. 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.725%
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| Cusip: | 40056EE38
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