By William Gullotti
Buffalo, N.Y., Nov. 4 – GS Finance Corp. priced $1.1 million of 0% leveraged buffered index-linked notes due Oct. 31, 2024 tied 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 return is positive, investors will receive par plus 300% of the index gain, capped at par plus 28.5%.
If the index return is flat or falls by up to 20%, investors will receive par. Investors will lose 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
| 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: | $1.1 million
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| Maturity: | Oct. 31, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of the index gain, capped at par plus 28.5%; if index return is flat or falls by up to 20%, par; 1% loss for every 1% decline beyond 20%
|
| Initial index level: | 3,830.6
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| Buffer level: | 80% of initial level
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| Pricing date: | Oct. 26
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| Settlement date: | Oct. 31
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| Agents: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
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| Fees: | 1.25%
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| Cusip: | 40057NRX7
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