New York, Feb. 24 – GS Finance Corp. priced $941,000 of 0% leveraged index-linked notes due March 1, 2022 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus 137% of the gain.
If the index falls but finishes at or above the 70% knock-out level, the payout will be par plus the absolute value of the index return.
Otherwise, the payout will be par plus the return with full exposure to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $941,000
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| Maturity: | March 1, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 137% of the return; if index falls by up to 30%, par plus the absolute value of the index return; otherwise, full exposure to any losses
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| Initial index level: | 16,391.99
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| Knock-out level: | 70% of initial level
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| Pricing date: | Feb. 19
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| Settlement date: | Feb. 26
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| Underwriters: | Goldman, Sachs & Co.
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| Fees: | 3.625%
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| Cusip: | 40054CBV5
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