By Kiku Steinfeld
Chicago, Nov. 27 – GS Finance Corp. priced $1.3 million of 0% bearish barrier early redeemable market-linked notes with daily barrier observation due March 17, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes below its barrier level, 72% of the initial index level, on any day during the life of the notes, the notes will be automatically redeemed at par.
If the notes are not automatically redeemed and the index return is greater than or equal to zero, the payout at maturity will be par.
If the index return is less than zero but greater than or equal to negative 28%, the payout will be par plus the absolute value of the index return.
If the index return is less than negative 28%, the payout will be par.
Goldman Sachs & Co. LLC is the underwriter. UBS Financial Services Inc. is acting as the selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group Inc.
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| Issue: | Bearish barrier early redeemable market-linked notes with daily barrier observation
|
| Underlying index: | S&P 500
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| Amount: | $1,300,000
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| Maturity: | March 17, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If notes are not automatically redeemed and index return is greater than or equal to zero, par; if index return falls but not more than 28%, par plus absolute value of return; par if return is less than negative 28%
|
| Call: | Automatically at par if index closes below barrier on any day during life of notes
|
| Initial level: | 3,094.04
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| Barrier level: | 72% of initial level
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| Pricing date: | Nov. 13
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| Settlement date: | Nov. 18
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| Underwriter: | Goldman Sachs & Co. LLC
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| Selling agent: | UBS Financial Services Inc.
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| Fees: | 0.1%
|
| Cusip: | 40056XQ33
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