By Wendy Van Sickle
Columbus, Ohio, March 30 – GS Finance Corp. priced $1.92 million of 0% digital notes due June 23, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the threshold level, 90% of the initial index level, the payout at maturity will be par plus 19.07%.
Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Digital notes
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| Underlying index: | S&P 500
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| Amount: | $1.92 million
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| Maturity: | June 23, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final index level is greater than or equal to 90% of initial index level, par plus 19.07%; 1.1111% loss for every 1% that the index declines beyond 10%
|
| Initial level: | 2,304.92
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| Pricing date: | March 20
|
| Settlement date: | March 27
|
| Agent: | Goldmans Sachs & Co. LLC
|
| Fees: | 0.92%
|
| Cusip: | 40056YVK7
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