By Taylor Fox
New York, Nov. 16 – GS Finance Corp. priced $1.8 million of 0% buffered index-linked notes due Oct. 25, 2023 tied to the S&P 500 Equal Weight index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes above its initial level, the payout at maturity will be par plus the gain, subject to a maximum payout of par plus 41%.
If the index finishes flat or falls by up to 10%, investors will receive par. Otherwise, investors will lose 1% for every 1% index decline beyond 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered index-linked notes
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| Underlying index: | S&P 500 Equal Weight index
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| Amount: | $1.8 million
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| Maturity: | Oct. 25, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at par plus 41%; par if index finishes flat or falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 4,571.07
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| Pricing date: | Oct. 20
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| Settlement date: | Oct. 23
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 40057EGP6
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