Chicago, Sept. 14 – GS Finance Corp. priced $1.23 million of 0% index-linked notes due Sept. 11, 2026 linked to the performance of 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 return of the index is positive, the payout at maturity will be par plus the return of the index.
If the index declines but not more than 37.17%, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC and JPMorgan are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,228,000
|
| Maturity: | Sept. 11, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return if return is positive; par if index declines but not beyond barrier; otherwise, full exposure to losses of index
|
| Initial level: | 4,457.49
|
| Barrier level: | 62.83% of initial level
|
| Pricing date: | Sept. 8
|
| Settlement date: | Sept. 13
|
| Agents: | Goldman Sachs & Co. LLC and JPMorgan
|
| Fees: | 2%
|
| Cusip: | 40057WAK3
|
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