By Wendy Van Sickle
Columbus, Ohio, Jan. 14 – GS Finance Corp. priced $1 million of 0% buffered index-linked notes due Jan. 13, 2023 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 closes above its initial level, the payout at maturity will be par plus 24.1%.
If the index finishes flat or falls by up to 25%, investors will receive par plus half the absolute value of the index return. Otherwise, investors will lose 1.3333% for every 1% index decline beyond 25%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | buffered index-linked notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1 million
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| Maturity: | Jan. 13, 2023
|
| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index closes above initial level, par plus 24.1%; if index finishes flat or falls by 25%, par half the absolute value of the index return; 1.3333% loss for every 1% decline beyond 25%
|
| Initial index level: | 3,789.52
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| Pricing date: | Jan. 10
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| Settlement date: | Jan. 15
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.175%
|
| Cusip: | 40056YBG8
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