By Sarah Lizee
Olympia, Wash., April 1 – GS Finance Corp. priced $3.51 million of 0% buffered digital index-linked notes due March 27, 2024 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is greater than or equal to its initial level, the payout at maturity will be the greater of par plus 48.35% and par plus the gain of the index.
If the index falls by up to 10%, the payout will be par.
Investors will lose 1.1111% for each 1% index decline beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $3,511,000
|
| Maturity: | March 27, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is greater than or equal to its initial level, greater of par plus 48.35% and par plus the gain of the index; if the index falls by up to 10%, par; 1.1111% loss for each 1% index decline beyond 10%
|
| Initial index level: | 2,715.11
|
| Buffer level: | 90% of initial level
|
| Pricing date: | March 24
|
| Settlement date: | March 31
|
| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 2.85%
|
| Cusip: | 40056YR22
|
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