By William Gullotti
Buffalo, N.Y., May 2 – GS Finance Corp. priced $1.34 million of 0% leveraged index-linked notes due April 28, 2028 tied to the performance of the S&P 500 Daily Risk Control 5% USD Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
Independent of the underlying index’s performance, the Consumer Price index will factor into the return of the notes at maturity. At maturity, the contingent CPI amount will be calculated like any other index return, except subject to a floor of 0%.
If the operand index return is positive, the payout at maturity will be par plus 125% of the sum of the underlying index return plus the contingent CPI amount.
Otherwise, investors will receive par plus the contingent CPI amount, if any.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged index-linked notes
|
| Underlying indexes: | S&P 500 Daily Risk Control 5% USD Excess Return index, Consumer Price index
|
| Amount: | $1,341,000
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| Maturity: | April 28, 2028
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus 125% of the sum of the index return and contingent CPI; otherwise, par plus contingent CPI
|
| Initial index level: | 159.06
|
| Initial CPI level: | 300.84
|
| Contingent CPI: | Final CPI level divided by initial CPI level, expressed as a percentage; subject to floor of 0%
|
| Pricing date: | April 25
|
| Settlement date: | April 28
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 40057RD39
|
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