By Susanna Moon
Chicago, Jan. 27 – GS Finance Corp. priced $205,000 of 0% index-linked notes due Jan. 30, 2023 tied 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 index finishes at or above its initial level, the payout at maturity will be the threshold settlement amount of $1,500 for each $1,000 principal amount.
If the index falls by up to the 70% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Notes
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| Underlying index: | S&P 500
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| Amount: | $205,000
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| Maturity: | Jan. 30, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index closes at or above initial level, par plus 50%; par if index falls by up to 30%; otherwise, full exposure to any losses
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| Initial level: | 2,298.37
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| Trigger level: | 70% of initial index level
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 27
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 4.375%
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| Cusip: | 40054KSS6
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