By Wendy Van Sickle
Columbus, Ohio, Aug. 13 – GS Finance Corp. priced $2.57 million of 0% buffered index-linked notes due Dec. 19, 2022 based on the performance of the S&P 500 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 $1,090 per $1,000 principal amount of notes.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 20%.
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
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| Amount: | $2.57 million
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| Maturity: | Dec. 19, 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 $1,090 per $1,000 principal amount of notes; if index falls by up to 20%, par; 1% loss for every 1% decline beyond 20%
|
| Initial index level: | 4,255.15
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| Buffer level: | 80% of initial level
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| Pricing date: | June 14
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| Settlement date: | June 17
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| Agent: | Goldman, Sachs & Co. LLC
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| Fees: | 0.15%
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| Cusip: | 40057HF70
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