By Marisa Wong
Morgantown, W.Va., Feb. 26 – GS Finance Corp. priced $168,000 of 0% index-linked notes due Feb. 26, 2024 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 index return is zero or positive, the payout at maturity will be par plus the greater of the index return and 47%.
If the index return is negative but not less than negative 30%, the payout will be par.
Otherwise, investors will be fully exposed to the index decline.
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: | Index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $168,000
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| Maturity: | Feb. 26, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is zero or positive, par plus greater of return and 47%; par if index falls by up to 30%; otherwise, full exposure to losses
|
| Initial index level: | 2,732.22
|
| Pricing date: | Feb. 16
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| Settlement date: | Feb. 26
|
| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 0.375%
|
| Cusip: | 40055AGP6
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