Chicago, June 15 – GS Finance Corp. priced $14.85 million of 0% buffered digital index-linked notes due June 4, 2026 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 initial level, the payout at maturity will be par plus the return capped at par plus 20.8%.
The payout will be par if the index declines, but not more than 15%.
Otherwise, investors will lose 1% for every 1% that the index declines beyond the 15% buffer.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $14,850,000
|
| Maturity: | June 4, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes above initial level, par plus return capped at par plus 20.8%; par if index declines not more than 15%; otherwise, 1% loss for each 1% decline beyond 15% buffer
|
| Initial index level: | 4,205.52
|
| Buffer value: | 85% of initial level
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.1%
|
| Cusip: | 40057T5K6
|
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