By Angela McDaniels
Tacoma, Wash., Dec. 7 – GS Finance Corp. priced $1.02 million of 0% buffered index-linked notes due May 3, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive or zero, the payout at maturity will be $1,140 per $1,000 principal amount of notes.
If the index return is negative but not below negative 20%, the payout will be par plus 0.5 times the absolute value of the index return.
If the index return is below negative 20%, investors will lose 1% for every 1% that the index declines beyond 20%.
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: | Buffered index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,023,000
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| Maturity: | May 3, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive or zero, par plus 14%; if index return is negative but not below negative 20%, par plus 0.5 times absolute value of index return; otherwise, 1% loss for every 1% that index declines beyond 20%
|
| Initial level: | 4,050.83
|
| Buffer level: | 80% of initial level
|
| Pricing date: | March 30
|
| Settlement date: | April 4
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.43%
|
| Cusip: | 40057R5Z7
|
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