By William Gullotti
Buffalo, N.Y., April 27 – GS Finance Corp. priced $3.3 million of 0% barrier early redeemable market-linked notes with daily barrier observation due April 25, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes above the upper barrier, 115.25% of the initial index level, or below the lower barrier, 84.75% of the initial level, on any day during the life of the notes, the notes will be automatically redeemed at par.
If the notes are not automatically redeemed and the index gains or loses more than 15.25%, the payout at maturity will be par.
If the index gains up to 15.25%, the payout will be par plus the index return.
If the index declines by no more than 15.25%, the payout will be par plus the absolute value of the return.
Goldman Sachs & Co. LLC is the underwriter. UBS Financial Services Inc. is acting as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group Inc.
|
| Issue: | Barrier early redeemable market-linked notes with daily barrier observation
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,212,000
|
| Maturity: | April 25, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index gains up to 15.25%, par plus index return; if index falls by no more than 15.25%, par plus the absolute value of the index return; otherwise, par
|
| Call: | If the index closes above the upper barrier or below the lower barrier on any day during the life of the notes, the notes will be automatically redeemed at par
|
| Initial level: | 4,129.79
|
| Upper barrier level: | 115.25% of initial level
|
| Lower barrier level: | 84.75% of initial level
|
| Pricing date: | April 24
|
| Settlement date: | April 27
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Selling agent: | UBS Financial Services Inc.
|
| Fees: | 1%
|
| Cusip: | 40057RKB3
|
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