By Wendy Van Sickle
Columbus, Ohio, April 6 – GS Finance Corp. priced $1.12 million of 0% index-linked notes due March 29, 2024 tied to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the notes are not called and each index finishes at or above its initial level, the payout at maturity will be par plus 1.25 times the index return of the lesser performing index.
If the lesser performing index finishes below its initial level but at or above its buffer level, 85% of its initial level, the payout at maturity will be par.
Investors will be exposed to losses of the worst-performing index beyond the buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
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| Underlying indexes: | S&P 500 and Euro Stoxx 50
|
| Amount: | $1,115,000
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| Maturity: | March 29, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 1.25 times the index return of the lesser performing index; if lowest performing index finishes below initial level but at or above buffer level, par; full exposure to losses beyond the buffer.
|
| Initial levels: | Lowest of the closing levels of each index on each trading day from March 26 to and including June 26
|
| Buffer levels: | 85% of initial levels
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.5%
|
| Cusip: | 40056YKB9
|
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