By Wendy Van Sickle
Columbus, Ohio, Oct. 28 – GS Finance Corp. priced $2.59 million of 0% market-linked securities – leveraged upside participation and contingent downside – due Sept. 22, 2028 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 1.16 times any gain up.
Investors will receive par if the index falls by up to 25% and will be exposed to any losses if the indes falls by more than 25%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked securities – leveraged upside participation and contingent downside
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,588,000
|
| Maturity: | Sept. 22, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.16 times any gain; par if index falls by up to 25%; 1% loss for each 1% decline if index falls by more than 25%
|
| Initial level: | 3,899.89
|
| Pricing date: | Sept. 19
|
| Settlement date: | Sept. 22
|
| Agents: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
|
| Fees: | 4.502%
|
| Cusip: | 40057N3U9
|
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