By William Gullotti
Buffalo, N.Y., Feb. 27 – GS Finance Corp. priced $1.62 million of 0% leveraged buffered index-linked notes due Feb. 5, 2027 tied to the S&P 500 Futures Excess Return 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, investors will receive par plus 1.3 times the index gain.
If the index return is flat or falls by up to 20%, investors will receive par plus the absolute value of the return.
Otherwise, investors will lose 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | S&P 500 Futures Excess Return index
|
| Amount: | $1,619,000
|
| Maturity: | Feb. 5, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.3 times the index gain; if index return is flat or falls by up to 20%, par plus absolute value of index return; 1% loss for every 1% decline beyond 20%
|
| Initial index level: | 437.05
|
| Buffer level: | 80% of initial level
|
| Pricing date: | Feb. 2
|
| Settlement date: | Feb. 7
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | None
|
| Cusip: | 40057Y5H2
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