By William Gullotti
Buffalo, N.Y., Sept. 10 – GS Finance Corp. priced $4.72 million of 0% leveraged buffered index-linked notes due Dec. 29, 2023 based on the performance of 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.
The payout at maturity will be par plus 200% of any index gain, up to the maximum settlement amount of $1,145 per $1,000 principal amount of notes.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $4,719,000
|
| Maturity: | Dec. 29, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 14.5%; if index falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 4,280.7
|
| Buffer level: | 90% of initial level
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agent: | Goldman, Sachs & Co. LLC
|
| Fees: | 2.78%
|
| Cusip: | 40057HFV7
|
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