By William Gullotti
Buffalo, N.Y., April 3 – GS Finance Corp. priced $1.3 million of 0% leveraged buffered index-linked notes due Sept. 25, 2025 tied to the S&P 500 Equal Weight index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, investors will receive par plus 115% of the index gain, capped at par plus 21%.
If the index return is flat or falls by up to 15%, investors will lose 1% for each 1% decline to a minimum payment of 95% of par.
Otherwise, investors will receive 95% of par less 1% for every 1% that the index declines beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered index-linked notes
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| Underlying index: | S&P 500 Equal Weight index
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| Amount: | $1.3 million
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| Maturity: | Sept. 25, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 115% of the index gain, capped at par plus 21%; if index return is flat or falls by up to 15%, lose 1% for each 1% decline to a minimum payment of 95% of par; otherwise, receive 95% of par less 1% for every 1% that the index declines beyond 15%
|
| Initial index level: | 6,760.67
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| Buffer level: | 85% of initial level
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| Pricing date: | March 20
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| Settlement date: | March 25
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 40057YSQ7
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