By Wendy Van Sickle
Columbus, Ohio, Feb. 20 – GS Finance Corp. priced $551,000 of 0% leveraged buffered basket-linked notes due Feb. 15, 2022 tied to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 75% weight and the Russell 2000 index with a 25% weight.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the basket return is positive, the payout at maturity will be par plus 2 times the basket return, up to a maximum of par plus 9%.
If the basket return is zero or negative but not less than negative 20%, the payout will be par.
Investors will lose 1% for every 1% decline in the basket beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered basket-linked notes
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| Underlying basket: | S&P 500 (75% weight) and Russell 2000 (25% weight)
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| Amount: | $551,000
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| Maturity: | Feb. 15, 2022
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| Price: | Par
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| Payout at maturity: | If the basket return is positive, par plus 2 times the basket return, up to a maximum of par plus 9%; if basket falls by up to 20%, par; 1% loss for every 1% decline in the basket beyond 20%
|
| Initial levels: | 3,352.09 for S&P, 1,667.669 for Russell
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | Feb. 10
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| Settlement date: | Feb. 13
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.425%
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| Cusip: | 40056YHX5
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