By Marisa Wong
Morgantown, W.Va., April 30 – GS Finance Corp. priced $1.03 million of 0% leveraged index-linked notes due April 29, 2024 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 return is zero or positive, the payout at maturity will be par plus 120% of the index return.
If the index falls by up to 30%, the payout will be par plus the absolute value of the index return.
If the index falls by more than 30%, investors lose 1% for every 1% decline in the index below its initial level.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,025,000
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| Maturity: | April 29, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is zero or positive, par plus 120% of the index return; if the index falls by up to 30%, par plus the absolute value of the index return; otherwise, full exposure to losses
|
| Initial index level: | 2,670.14
|
| Pricing date: | April 20
|
| Settlement date: | April 27
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 3.625%
|
| Cusip: | 40055AVV6
|
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