By Kiku Steinfeld
Chicago, Oct. 21 – GS Finance Corp. priced $1.28 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 5, 2023, linked 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.
The payout at maturity will be par plus 125% of any gain in the index, capped at par plus 15%.
If the index falls by up to 15%, the payout will be par.
Investors will be fully exposed to any decline in the index beyond 15%.
Goldman Sachs & Co. LLC is the underwriter with Wells Fargo Securities, LLC handling distribution.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $1,283,000
|
| Maturity: | Oct. 5, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any index gain, capped at par plus 15%; par if index falls by up to 15%; full exposure to losses beyond 15%
|
| Initial level: | 27,781.70
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 5
|
| Underwriter: | Goldman Sachs & Co. LLC with Wells Fargo Securities, LLC handling distribution
|
| Fees: | 3.55%
|
| Cusip: | 40057CUC3
|
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