By Sarah Lizee
Olympia, Wash., April 3 – GS Finance Corp. priced $4.18 million of 0% index-linked notes due March 31, 2025 tied to the Russell 2000 index and 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 each index finishes at or above its initial level, the payout will be par plus 1.575 times the lesser performing index return.
If the lesser-performing index falls by up to 40%, the payout will be par.
Investors will be exposed to any losses of the worst-performing index if it falls beyond 40%.
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: | Index-linked notes
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $4.18 million
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| Maturity: | March 31, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 1.575 times the lesser performing index return; if lesser performing index falls by up to 40%, par; otherwise, full exposure to loss
|
| Initial levels: | 1,180.319 for Russell, 2,630.07 for S&P
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| Barrier levels: | 60% of initial levels
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| Pricing date: | March 26
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| Settlement date: | March 31
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.14%
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| Cusip: | 40056YQ49
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