By William Gullotti
Buffalo, N.Y., April 3 – GS Finance Corp. priced $5.9 million of 0% bearish absolute return index-linked notes linked to the S&P 500 index due June 30, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 96% initial level, the payout at maturity will be par plus 4%.
If the index declines by more than 4% but no more than 18.25%, the payout will be par plus the absolute value of the index return.
If the index declines by more than 18.25%, the payout will be par plus 4%.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Bearish absolute return index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $5,902,000
|
| Maturity: | June 30, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 4% if index finishes at or above 96% of initial level; if index falls by more than 4% but no more than 18.25%, par plus the absolute value of the index return; otherwise, par plus 4%
|
| Initial level: | 5,241.53
|
| Pricing date: | March 21
|
| Settlement date: | March 26
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.25%
|
| Cusip: | 40057YSZ7
|
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