By Sarah Lizee
Olympia, Wash., Sept. 6 – GS Finance Corp. priced $25,000 of 0% leveraged buffered digital notes due Sept. 9, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout at maturity will be the greater of the threshold settlement amount, $1,250 per $1,000 principal amount, and par plus 1.2 times the return of the lesser performing index.
If either index falls but neither falls by more than 30%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 30%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered digital notes
|
| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $25,000
|
| Maturity: | Sept. 9, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of each index is zero or positive, par plus greater of 25% and 1.2 times return of the lesser performing index; if return of each index is at least negative 30%, par; otherwise 1% loss for each 1% decline of the worse performing index beyond 30%
|
| Initial levels: | 2,896.72 for S&P and 1,733.377 for Russell
|
| Pricing date: | Sept. 4
|
| Settlement date: | Sept. 7
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.025%
|
| Cusip: | 40055QQ54
|
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