By William Gullotti
Buffalo, N.Y., April 20 – GS Finance Corp. priced $1.65 million of 0% index-linked notes due April 19, 2029 linked to the least performing of the S&P 500 index and 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 each index finishes at or above its threshold level, 90% of initial level, the payout at maturity will be the greater of par plus 50.3% and par plus the return of the laggard index.
If the laggard index declines by more than 10% but no more than 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the laggard index beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying indexes: | S&P 500 index, Dow Jones industrial average
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| Amount: | $1.65 million
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| Maturity: | April 19, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above threshold level, the greater of par plus 50.3% and par plus the return of the least performing index; if the laggard index declines by more than 10% and finishes at or above buffer level, par; otherwise, lose 1% for each 1% decline of the laggard index beyond 20%
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| Initial levels: | 4,137.64 for S&P, 33,886.47 for Dow
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| Threshold levels: | 90% of initial levels
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| Buffer levels: | 80% of initial levels
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| Pricing date: | April 14
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| Settlement date: | April 19
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 40057RHW1
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