Chicago, Dec. 4 – GS Finance Corp. priced $1.82 million of 0% index-linked notes due March 31, 2026 tied to the least performing of the Russell 2000 index and 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.
At maturity, investors will receive par plus 1.15 times the return of the worst performer if both indexes finish above their initial levels.
The payout will be par if either index finishes below its initial level, but both indexes finish above 65% of their initial levels.
Otherwise, investors will be fully exposed to the losses of the worst performer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Russell 2000 index, S&P 500 index
|
| Amount: | $1,818,000
|
| Maturity: | March 31, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.15 times the return of worst performer if both indexes finish above initial levels; par if worst performer finishes below initial level but above barrier level; otherwise, full exposure to losses of worst performer beyond
|
| Initial levels: | 3,974.54 for S&P, 2,221.482 for Russell
|
| Buffer levels: | 65% of initial levels
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.09%
|
| Cusip: | 40057FLB8
|
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