By Marisa Wong
Morgantown, W.Va., April 23 – GS Finance Corp. priced $242,000 of 0% index-linked notes due April 4, 2024 linked to the lesser performing of 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 the return of each index is zero or positive, the payout at maturity will be the threshold settlement amount of $1,385 per $1,000 principal amount.
If either index falls but the return of each index is at least negative 40%, the payout will be par plus the absolute value of the return of the lesser performing index.
If either index falls by more than 40%, investors will lose 1% for every 1% decline of the worse performing index.
Goldman, Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying indexes: | S&P 500, Russell 2000
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| Amount: | $242,000
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| Maturity: | April 4, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the return of each index is zero or positive, par plus 38.5%; if either index falls but the return of each index is at least negative 40%, par plus the absolute value of the return of the lesser performing index; otherwise, 1% loss for every 1% decline of the worse performing index
|
| Initial levels: | 2,834.40 for S&P and 1,539.739 for Russell
|
| Pricing date: | March 29
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| Settlement date: | April 3
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.29%
|
| Cusip: | 40056F3A1
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