By William Gullotti
Buffalo, N.Y., Oct. 7 – GS Finance Corp. priced $2.9 million of 0% buffered digital index-linked notes due Oct. 19, 2023 linked to 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 index finishes flat or positive, the payout at maturity will be par plus 17.6%.
If the index declines but finishes at or above final buffer value, 90% of its initial level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered digital index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $2.9 million
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| Maturity: | Oct. 19, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes flat or positive, par plus 17.6%; if index declines but the final level is greater than or equal to 90% of its initial level, par; if the index falls by more than 10%, 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 3,678.43
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| Buffer value: | 90% of initial level
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| Strike date: | Oct. 3
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| Pricing date: | Oct. 4
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| Settlement date: | Oct. 6
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.1%
|
| Cusip: | 40057NK30
|
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