By Marisa Wong
Los Angeles, April 9 – GS Finance Corp. priced $1.23 million of 0% leveraged buffered index-linked notes due March 30, 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 2 times the gain, capped at par plus 26%.
If the index finishes flat or falls by up to 15%, investors will receive par. Otherwise, investors will lose 1.1765% for every 1% decline beyond 15%.
Goldman Sachs & Co. LLC is the agent with JPMorgan as placement 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: | $1.23 million
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| Maturity: | March 30, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any index gain, capped at par plus 26%; par if index finishes flat or falls by up to 15%; otherwise, 1.1765% loss for every 1% decline beyond 15%
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| Initial index level: | 2,630.07
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| Final level: | Average of index closing levels for five trading days ending March 25, 2022
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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 with JPMorgan as placement agent
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| Fees: | 1.65%
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| Cusip: | 40056YP57
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