By Wendy Van Sickle
Columbus, Ohio, Nov. 15 – GS Finance Corp. priced $15.05 million of 0% digital index-linked notes due May 10, 2024 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 final level of the index is greater than or equal to its final buffer value, 80% of its initial level, the payout at maturity will be par plus 17%.
Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Digital index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $15.05 million
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| Maturity: | May 10, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final index level is greater or equal to 80% of its initial level, par plus 17%; if the index falls by more than 20%, 1.25% loss for every 1% decline beyond 20%
|
| Initial index level: | 3,647.29
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| Buffer value: | 80% of initial level
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| Pricing date: | Sept. 27
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| Settlement date: | Oct. 4
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.87%
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| Cusip: | 40057NDE4
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