By Wendy Van Sickle
Columbus, Ohio, Dec. 1 – GS Finance Corp. priced $4.5 million of 0% buffered index-linked notes due Oct. 10, 2024 based on the performance of 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.
The payout at maturity will be par plus any index gain, subject to a maximum return of par plus 34.84%.
If the index falls by up to 20%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1.25% for every 1% decline beyond 20%.
Goldman, Sachs & Co. LLC is the agent with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered index-linked notes
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| Underlying index: | S&P 500
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| Amount: | $4.5 million
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| Maturity: | Oct. 10, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain capped at 34.84%; if index falls by up to 20%, par plus absolute value of index return; otherwise, 1.25% loss for every 1% decline beyond 20%
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| Initial index level: | 3,639.66
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| Pricing date: | Oct. 7
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| Settlement date: | Oct. 13
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| Agent: | Goldman, Sachs & Co. LLC with JPMorgan as placement agent
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| Fees: | 1.5%
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| Cusip: | 40057NJY4
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