Chicago, April 8 – GS Finance Corp. priced $2 million of 0% index-linked notes due April 4, 2030 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 index finishes above 119% of the initial level, investors will receive $1,190 per note plus 1.65 times the result of the return minus 19%, capped at $2,559.50 per $1,000 note.
Investors will receive par plus the return if the index finishes between its initial level and 119% of its initial level.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $2,000,000
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| Maturity: | April 4, 2030
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is above 119% of initial level, $1,190 per note plus 1.65 times result of return minus 19% capped at $2,559.50 per $1,000 note; par plus return if index finishes positive up to 119% of initial level; otherwise, full exposure to losses
|
| Initial level: | Arithmetic average from April 1 to June 28
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| Pricing date: | April 2
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| Settlement date: | April 5
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 40057YZ48
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