By Wendy Van Sickle
Columbus, Ohio, April 4 – GS Finance Corp. priced $5.83 million of 0% leveraged index-linked notes due March 29, 2028 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, up to par plus 76%.
If the index falls by up to 25%, investors will receive par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | Dow Jones industrial average
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| Amount: | $5,825,000
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| Maturity: | March 29, 2028
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus 1.5 times the index return, up to par plus 76%; par plus absolute value of index return if index falls by up to 25%; full exposure to loss if index falls by more than 25%
|
| Initial index level: | 32,237.53
|
| Pricing date: | March 24
|
| Settlement date: | March 29
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 40057R5W4
|
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