By Susanna Moon
Chicago, Oct. 27 – GS Finance Corp. priced $889,000 of 0% notes due Oct. 28, 2022 tied to 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 at or above its initial level, the payout at maturity will be par plus the greater of any index gain and the threshold settlement amount of $1,480 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% trigger level.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Notes
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| Underlying index: | S&P 500
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| Amount: | $889,000
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| Maturity: | Oct. 28, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus return floor of 48%; par if index falls by up to 20%; full exposure to any losses if index drops below 70% trigger level
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| Initial level: | 2,143.16
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| Trigger level: | 70% of initial level
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| Pricing date: | Oct. 25
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| Settlement date: | Oct. 28
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 4.375%
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| Cusip: | 40054KLL8
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