Chicago, Aug. 11 – GS Finance Corp. priced $4 million of 0% capped buffer gears due Oct. 29, 2024 linked to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.25 times the index return, capped at par plus 11%.
Investors will receive par if the index declines by 12.5% or less and lose 1% for every 1% that the index declines beyond 12.5%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. UBS Financial Services Inc. is the selling agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Capped buffer gears
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| Underlying index: | S&P 500 Value index
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| Amount: | $4 million
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| Maturity: | Oct. 29, 2024
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the index return is greater than zero, par plus 1.25 times the index return, capped at par plus 11%; par if the index declines by 12.5% or less; otherwise, 1% loss for every 1% decline beyond 12.5%
|
| Initial index level: | 1,639.86
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| Buffer level: | 87.5% of initial level
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| Pricing date: | July 26
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| Settlement date: | July 31
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| Agent: | Goldman Sachs & Co. LLC
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| Selling agent: | UBS Financial Services Inc.
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| Fees: | 2%
|
| Cusip: | 36265J771
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