By William Gullotti
Buffalo, N.Y., Dec. 5 – GS Finance Corp. priced $3 million of 0% leveraged buffered notes due Oct. 12, 2028 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with an 80% weight and the MSCI EAFE index with a 20% weight.
The payout at maturity will be par plus 1.2575 times the basket gain.
Investors will receive par if the basket finishes flat or falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered index-linked notes
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| Underlying assets: | S&P 500 index (80% weight), MSCI EAFE index (20% weight)
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| Amount: | $3 million
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| Maturity: | Oct. 12, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus 1.2575 times basket gain; par if basket finishes flat or declines by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
|
| Initial levels: | 3,639.66 for S&P, 1,693.58 for EAFE
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| Buffer level: | 80% of initial level
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| Pricing date: | Oct. 7
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| Settlement date: | Oct. 13
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | None
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| Cusip: | 40057NL62
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