By Marisa Wong
Los Angeles, March 20 – GS Finance Corp. priced $125,000 of 0% buffered index-linked notes due March 26, 2021 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 par plus the return, capped at 10%.
If the index finishes flat or falls by up to 16%, investors will receive par plus the absolute value of the index return. Otherwise, investors will lose 1.1905% for every 1% decline beyond 16%.
Goldman Sachs & Co. LLC is the agent with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $125,000
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| Maturity: | March 26, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at par plus 10%; if index falls by up to 16%, par plus absolute value of index return; 1.1905% loss for every 1% decline beyond 16%
|
| Initial index level: | 2,882.23
|
| Strike date: | March 10
|
| Pricing date: | March 11
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| Settlement date: | March 16
|
| Agent: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 1.1%
|
| Cusip: | 40056YTU8
|
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