By William Gullotti
Buffalo, N.Y., Dec. 28 – GS Finance Corp. priced $967,000 of 0% market-linked securities – upside participation to a cap and fixed percentage buffered downside due May 3, 2027 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the index, capped at par plus 64%.
If the index falls by up to 20%, the payout will be par.
Investors will lose 1% for every 1% decline of the index beyond the 20% buffer.
The securities are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked securities – upside participation to a cap and fixed percentage buffered downside
|
| Underlying: | Dow Jones industrial average
|
| Amount: | $967,000
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| Maturity: | May 3, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 64%; if index falls by up to 20%, par; otherwise, 1% loss for every 1% decline of index beyond 20% buffer
|
| Initial level: | 33,916.39
|
| Buffer level: | 80% of initial level
|
| Pricing date: | April 28
|
| Settlement date: | May 3
|
| Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
|
| Fees: | 4.67%
|
| Cusip: | 40057LME8
|
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