New York, Oct. 12 – GS Finance Corp. priced $1.35 million of 0% leveraged buffered index-linked notes due Oct. 3, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus the return of the index, capped at par plus 31%.
If the index declines by no more than 20%, the payout will be par plus the absolute value of the index return. Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Leveraged buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.35 million
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| Maturity: | Oct. 3, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus index return capped at 31%; if index declines by no more than 20%, par plus absolute value of index return; otherwise, lose 1% for every 1% that the index declines beyond 20%
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| Initial level: | 3,640.47
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| Cap: | 31%
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| Buffer: | 20%
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| Strike date: | Sept. 29
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 5
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.55%
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| Cusip: | 40057NHQ3
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