By Marisa Wong
Los Angeles, April 24 – GS Finance Corp. priced $748,000 of 0% buffered index-linked notes due April 14, 2025 tied to 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 the index finishes above its initial level, the payout at maturity will be par plus the index gain.
If the index finishes flat or falls by up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% index decline beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $748,000
|
| Maturity: | April 14, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index falls by up to 15%; otherwise, 1% loss for every 1% decline beyond 15%
|
| Initial index level: | 2,789.82
|
| Pricing date: | April 9
|
| Settlement date: | April 14
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.35%
|
| Cusip: | 40056YY57
|
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