By Sarah Lizee
Olympia, Wash., May 20 – GS Finance Corp. priced $924,000 of 0% market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside due May 22, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any gain in the index up to a maximum of par plus 29%.
If the index falls but not beyond 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond 10%.
Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside
|
| Underlying index: | S&P 500
|
| Amount: | $924,000
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| Maturity: | May 22, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any gain index up to a maximum of par plus 29%; par if index falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
|
| Initial level: | 2,863.70
|
| Barrier level: | 90% of initial level
|
| Pricing date: | May 15
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| Settlement date: | May 20
|
| Agents: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
|
| Fees: | 3.57%
|
| Cusip: | 40057EB22
|
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