By William Gullotti
Buffalo, N.Y., Jan. 12 – GS Finance Corp. priced $8.35 million of 0% buffered digital index-linked notes due Jan. 5, 2029 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final level of the index is greater than or equal to its initial level, the payout at maturity will be the greater of par plus 51.7% and par plus the return.
Investors will receive par if the index falls by no more than 25% and lose 1% for every 1% that the index declines beyond 25%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital index-linked notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $8.35 million
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| Maturity: | Jan. 5, 2029
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes flat or gains, the greater of par plus 51.7% and par plus the return; par if index falls by no more than 25%; otherwise, 1% loss for every 1% decline beyond 25%
|
| Initial index level: | 4,512.81
|
| Buffer value: | 75% of initial level
|
| Pricing date: | Jan. 2
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| Settlement date: | Jan. 5
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.25%
|
| Cusip: | 40057XLE3
|
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