By Marisa Wong
Morgantown, W.Va., Jan. 27 – GS Finance Corp. priced $1.33 million of 0% leveraged index-linked notes due Jan. 31, 2022 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 zero or positive, the payout at maturity will be par plus 1.37 times the index return.
If the index return is negative but the final index level is at least 70% of the initial level, the payout will be par plus the absolute value of the index return.
If the final level is less than 70% of the initial level, investors will be fully exposed to the index decline.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $1,325,000
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| Maturity: | Jan. 31, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index return is zero or positive, par plus 1.37 times index return; if index return is at least negative 30%, par plus absolute value of index return; otherwise, full exposure to index decline
|
| Initial index level: | 16,093.51
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 29
|
| Underwriters: | Goldman, Sachs & Co.
|
| Fees: | 3.625%
|
| Cusip: | 40054CAK0
|
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