By Susanna Moon
Chicago, Jan. 17 – GS Finance Corp. priced $1.8 million of 0% leveraged notes due Dec. 30, 2022 tied to the Dow Jones industrial average, according to a 424B3 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.34 times the gain.
If the index falls by up to 30%, the payout will be par plus the absolute value of the return.
If the index finishes below the 70% trigger level, investors will be fully exposed to any losses.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $1.8 million
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| Maturity: | Dec. 30, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 134% of return; if index falls by up to 30%, par plus the absolute return; otherwise, full exposure to any losses
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| Initial level: | 19,933.81
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| Trigger level: | 70% of initial level
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 30
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 3.625%
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| Cusip: | 40054KQG4
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