By Kiku Steinfeld
Chicago, April 20 – GS Finance Corp. priced $1 million of 0% index-linked notes due March 31, 2025 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout will be par plus 1.43 times the return of the lowest performing index.
If worst-performing index falls by up to 30%, the payout will be par.
Investors will be exposed to the loss of the worst-performing index beyond the 30% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $1,003,000
|
| Maturity: | March 31, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 1.43 times the return of the lowest performing index; par if the lowest performer falls up to 30%; exposure to losses of worst performer beyond 30%
|
| Initial levels: | 1,180.319 for Russell, 2,630.07 for S&P
|
| Buffer levels: | 70% of initial levels
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.01%
|
| Cusip: | 40056YPS7
|
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