By Wendy Van Sickle
Columbus, Ohio, March 26 – GS Finance Corp. priced $1 million of 0% leveraged buffered index-linked notes due March 21, 2022 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 above its initial level, the payout at maturity will be par plus 1.25 times the gain, capped at par plus 28%.
If the index finishes flat or falls by up to 20%, investors will receive par. Otherwise, investors will lose 1.25% for every 1% decline beyond 20%.
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: | Leveraged buffered index-linked notes
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| Underlying index: | S&P 500
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| Amount: | $1 million
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| Maturity: | March 21, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.25 times the gain, capped at par plus 28%; par if index finishes flat or falls by up to 20%; otherwise, 1.25% loss for every 1% decline beyond 20%
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| Initial index level: | 2,480.64
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| Pricing date: | March 16
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| Settlement date: | March 19
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.425%
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| Cusip: | 40056YUX0
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