By William Gullotti
Buffalo, N.Y., Jan. 13 – GS Finance Corp. priced $446,000 of 0% buffered index-linked notes due Dec. 27, 2027 based on the performance of the Dow Jones U.S. Select Dividend 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 1.07 times any index gain.
If the index falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 25%.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | Dow Jones U.S. Select Dividend index
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| Amount: | $446,000
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| Maturity: | Dec. 27, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.07 times any index gain; if index falls by up to 25%, par; otherwise, 1% loss for every 1% decline beyond 25%
|
| Initial index level: | 855.43
|
| Buffer level: | 75% of initial level
|
| Pricing date: | Dec. 22
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| Settlement date: | Dec. 28
|
| Agent: | Goldman, Sachs & Co. LLC
|
| Fees: | 4.2%
|
| Cusip: | 40057P2V3
|
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