Chicago, Sept. 19 – GS Finance Corp. priced $2.36 million of 0% index-linked notes due Sept. 27, 2023 linked to 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.
If the index finishes above the initial level, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,070 per $1,000 face amount.
If the index declines, but not more than 31.36%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the agent. JPMorgan is the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,355,000
|
| Maturity: | Sept. 27, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus index gain, capped at par plus 7%; if index declines but finishes above trigger buffer level, par plus absolute value of index return; otherwise, full exposure to losses of index
|
| Initial level: | 4,067.36
|
| Trigger buffer level: | 68.64% of initial level
|
| Pricing date: | Sept. 9
|
| Settlement date: | Sept. 14
|
| Agent: | Goldman Sachs & Co. LLC
|
| Placement agent: | JPMorgan
|
| Fees: | 1%
|
| Cusip: | 40057N6E2
|
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