By Sarah Lizee
Olympia, Wash., Jan. 30 – GS Finance Corp. priced $100,000 of 0% index-linked notes due Feb. 1, 2024 tied to the Euro Stoxx 50 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 flat or positive, the payout at maturity will be par plus the greater of the gain and 63.5%.
If the index declines but is equal to or greater than 50% of the initial level, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the index from its initial level.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $100,000
|
| Maturity: | Feb. 1, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is flat or positive, par plus the greater of the gain and 63.5%; if the index declines but is equal to or greater than 50% of the initial level, par; otherwise, 1% loss for every 1% index decline
|
| Initial level: | 3,137.27
|
| Pricing date: | Jan. 28
|
| Settlement date: | Jan. 31
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.35%
|
| Cusip: | 40056EPW2
|
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