By William Gullotti
Buffalo, N.Y., Feb. 20 – GS Finance Corp. priced $6.05 million of 0% leveraged index-linked notes due Feb. 5, 2029 tied to the S&P 500 index, 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 1.272 times the index return.
Investors will receive par if the index falls by no more than 20% and will lose 1% for every 1% decline if the index finishes below its 80% barrier.
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: | S&P 500 index
|
| Amount: | $6,045,000
|
| Maturity: | Feb. 5, 2029
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus 1.272 times the index return; par if index falls by no more than 20%; otherwise, full exposure to loss
|
| Initial index level: | 4,845.65
|
| Barrier level: | 80% of initial level
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.975%
|
| Cusip: | 40057XYW9
|
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