By William Gullotti
Buffalo, N.Y., March 14 – GS Finance Corp. priced $2.85 million of 0% buffered digital index-linked notes due March 30, 2023 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 final level of the index is greater than or equal to its initial level, the payout at maturity will be par plus 14.05%.
If the index declines but finishes at or above its final buffer value, 90% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered digital index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $2.85 million
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| Maturity: | March 30, 2023
|
| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If the final index level is greater than or equal to initial level, par plus 14.05%; if the index falls up to 10%, par; otherwise, 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 4,170.7
|
| Buffer value: | 90% of initial level
|
| Strike date: | March 8
|
| Pricing date: | March 10
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| Settlement date: | March 11
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.1%
|
| Cusip: | 40057LH38
|
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