By Susanna Moon
Chicago, Oct. 6 – GS Finance Corp. priced $1 million of 0% leveraged buffered notes due Feb. 3, 2021 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus 1.1 times any index gain.
Investors will receive par if the index falls by up to 40.5% and will lose 1.6807% for each 1% decline beyond 40.50%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered notes
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| Underlying index: | S&P 500
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| Amount: | $1 million
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| Maturity: | Feb. 3, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.1 times any index gain; par if index falls by up to 10%; 1.6807% loss per 1% drop beyond 40.5%
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| Initial level: | 2,168.27
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| Contingent buffer: | 40.5%
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 5
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 0.3%
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| Cusip: | 40054KKW5
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