By Wendy Van Sickle
Columbus, Ohio, May 16 – GS Finance Corp. priced $1.12 million of 0% buffered digital notes due June 13, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to 94% of the initial level, the payout at maturity will be the maximum settlement amount, $1,063 per $1,000 principal amount of notes.
If the index return is between 85% and 94% of initial level, the payout will be par plus the absolute value of the index return.
If the final index level is less than the initial level by more than 15%, investors will lose 1% for every 1% that the index declines beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,116,000
|
| Maturity: | June 13, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above 94% of initial level, $1,063 per $1,000 of notes; if index return is between 85% and 94% of initial level, par plus absolute value of index return; otherwise, 1% loss for every 1% that index declines beyond 15%
|
| Initial index level: | 4,137.64
|
| Buffer level: | 94% of initial level
|
| Pricing date: | May 10
|
| Settlement date: | May 15
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.93%
|
| Cusip: | 40057RLX4
|
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