By Wendy Van Sickle
Columbus, Ohio, Jan. 30 – GS Finance Corp. priced $10 million of 0% leveraged index-linked notes due Jan. 28, 2027 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, capped at par plus 30%.
Otherwise, investors will receive par if the index falls by up to 25% and will be fully exposed to losses if it falls by more than 25%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $10 million
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| Maturity: | Jan. 28, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus 300% of the index return, capped at par plus 30%; par if index falls by up to 25%; full exposure to losses if it falls by more than 25%
|
| Initial index level: | 4,894.16
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.25%
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| Cusip: | 40057XYE9
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