Chicago, April 23 – GS Finance Corp. priced $929,000 of 0% index-linked notes due July 29, 2027 linked 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 return is positive, the payout at maturity will be par plus the index gain.
If the index declines but finishes above the 75.75% trigger buffer level, the payout will be par plus the absolute return of the index.
Otherwise, investors will be fully exposed to losses of index.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $929,000
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| Maturity: | July 29, 2027
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any index gain; par plus absolute return of index if index declines but not more than trigger buffer; otherwise, full exposure to losses of index
|
| Initial index level: | 4,894.16
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| Trigger buffer level: | 75.75% of initial level
|
| Pricing date: | Jan. 25
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| Settlement date: | Jan. 30
|
| Agents: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 40057XRU1
|
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