By William Gullotti
Buffalo, N.Y., Oct. 20 – GS Finance Corp. priced $1.69 million of 1.7% fixed coupon buffered index-linked notes due Oct. 17, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable annually.
If the index finishes positive, the payout at maturity will be par plus the index return, subject to a maximum payout of par plus 50%.
Investors will receive par if the index finishes flat or declines no more than 10% and will lose 1% for every 1% decline beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Fixed coupon buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.69 million
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| Maturity: | Oct. 17, 2025
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| Coupon: | 1.7% per year, payable annually
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| Price: | Par
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| Payout at maturity: | If index gains, par plus index return capped at 50%; if index finishes flat or declines by no more than 10%, par; otherwise, 1% loss for every 1% decline beyond 10%
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| Initial level: | 3,583.07
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| Buffer level: | 90% of initial level
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| Pricing date: | Oct. 14
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| Settlement date: | Oct. 19
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 40057NNG8
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