By Sarah Lizee
Olympia, Wash., Oct. 3 – GS Finance Corp. priced $5.02 million of 0% buffered digital notes due Sept. 30, 2022 tied 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 index return is zero or positive, the payout at maturity will be par plus the greater of the return and 63%.
If the index return is negative but not below negative 15%, the payout will be par. If the index return is below negative 15%, investors will lose 1.1765% for every 1% that the index declines beyond 15%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $5,024,000
|
| Maturity: | Sept. 30, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is zero or positive, par plus the greater of the return and 63%; if the index declines by up to 15%, par; 1.1765% loss for every 1% decline beyond 15%
|
| Initial index level: | 3,399.20
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 5
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.25%
|
| Cusip: | 40056E2L1
|
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