By Wendy Van Sickle
Columbus, Ohio, March 30 – GS Finance Corp. priced $742,000 of 0% leveraged index-linked notes due March 27, 2026 tied to the Dow Jones industrial average, 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 greater than or equal to its initial level, the payout at maturity will be par plus 1.475 times the return.
If the index falls by up to 40%, the payout will be par plus the absolute value of the index return.
If the index return is below negative 40%, investors will lose 1% for every 1% decline of the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged index-linked notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $742,000
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| Maturity: | March 27, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to initial level, par plus 1.475 times the return; if index falls by up to 40%, par plus absolute value of return; otherwise, full exposure to loss
|
| Initial level: | 19,173.98
|
| Pricing date: | March 20
|
| Settlement date: | March 27
|
| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 3.625%
|
| Cusip: | 40056YNX8
|
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