By Sarah Lizee
Olympia, Wash., March 31 – GS Finance Corp. priced $535,000 of 0% leveraged index-linked notes due March 27, 2025 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.
The payout at maturity will be par plus 1.365 times any index gain.
If the index declines by up to 30%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index.
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 index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $535,000
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| Maturity: | March 27, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.365 times any index gain; if the index declines by up to 30%, par; otherwise, investors will be fully exposed to the decline of the index
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| Initial index level: | 2,237.40
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| Barrier level: | 70% of initial level
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| Pricing date: | March 23
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| Settlement date: | March 26
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.1%
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| Cusip: | 40056YTD6
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