By Wendy Van Sickle
Columbus, Ohio, April 5 – GS Finance Corp. priced $10.72 million of 0% index-linked notes due March 27, 2025 linked to the least performing of the Dow Jones industrial average 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.
If the return of each index is greater than or equal to zero, the payout at maturity will be par plus the return of the worst performing index, capped at 20.53%.
Investors will receive par it the worst performing index falls by up to 20%.
Otherwise, investors will be exposed to any losses of the worst performing index beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Dow Jones industrial average, S&P 500 index
|
| Amount: | $10,716,000
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| Maturity: | March 27, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of each index is greater than or equal to zero, par plus return of the worst performing index capped at 20.53%; par if laggard index falls by up to 20%; exposure to loss of lesser-performing index beyond 20%
|
| Initial levels: | 35,294.19 for Dow, 4,631.6 for S&P
|
| Pricing date: | March 29
|
| Settlement date: | April 1
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 40057LG54
|
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