By William Gullotti
Buffalo, N.Y., Jan. 31 – GS Finance Corp. priced $1.22 million of bearish leveraged index-linked notes due Jan. 23, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or below its initial level, investors will gain 3% for every 1% decline of the index, subject to a maximum payout of par plus 60%
Otherwise, investors will lose 1% for every 1% of index gain.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc
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| Issue: | Bearish leveraged index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.22 million
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| Maturity: | Jan. 23, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes flat or declines, par plus 300% of the absolute value of the index return, up to maximum payout of par plus 60%; otherwise, 1% loss for every 1% increase of the index from initial level
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| Initial index level: | 4,739.21
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| Pricing date: | Jan. 17
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| Settlement date: | Jan. 22
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.1%
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| Cusip: | 40057XX26
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