By William Gullotti
Buffalo, N.Y., Nov. 16 – GS Finance Corp. priced $1.68 million of 0% absolute return trigger index-linked notes due Nov. 14, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event will occur if the index closing level has increased or decreased from its initial level by more than 25% any day during the life of the notes.
If a barrier event has occurred, the payout at maturity will be par plus 10%.
If a barrier event has not occurred, the payout at maturity will be par plus the absolute value of the index return, subject to a 25% cap and 10% minimum return.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Absolute return trigger index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,675,000
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| Maturity: | Nov. 14, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index increases or decreases by more than 25% any day during the life of the notes, par plus 10%; otherwise, par plus absolute value of index return up to 25%, subject to minimum payout of par plus 10%
|
| Initial level: | 3,748.57
|
| Pricing date: | Nov. 9
|
| Settlement date: | Nov. 15
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 40057NWR4
|
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