By Kiku Steinfeld
Chicago, Jan. 20 – GS Finance Corp. priced $1.3 million of 0% buffered index-linked notes due Feb. 17, 2022 based on the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus any index gain up to the maximum settlement amount of $1,135 per $1,000 principal amount of notes.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% 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: | Russell 2000
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| Amount: | $1.3 million
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| Maturity: | Feb. 17, 2022
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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 13.5%; if index falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
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| Initial index level: | 3,809.84
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| Buffer level: | 90% of initial level
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| Pricing date: | Jan. 13
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| Settlement date: | Jan. 19
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| Agent: | Goldman, Sachs & Co. LLC
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| Fees: | 0.533%
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| Cusip: | 40057F2Q6
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