By William Gullotti
Buffalo, N.Y., March 29 – GS Finance Corp. priced $1.98 million of 0% index-linked notes due March 27, 2025 linked to the performance of 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 return of the index is zero or positive, the payout at maturity will be par plus the index return.
Otherwise, investors will lose 1% for every 1% decline of the index from its initial level to a minimum payment of 94% of par.
Goldman Sachs & Co. LLC is the agent with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $1,975,000
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| Maturity: | March 27, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is zero or positive, par plus index return; otherwise, investors will receive the greater of 94% of par and par minus the index return
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| Initial level: | 3,926.12
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| Strike date: | March 22
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| Pricing date: | March 24
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| Settlement date: | March 29
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| Agent: | Goldman Sachs & Co. LLC with JPMorgan acting as placement agent
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| Fees: | 2%
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| Cusip: | 40057LLS8
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