Chicago, April 13 – GS Finance Corp. priced $540,000 of 0% index-linked notes due March 29, 2023 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 1.35 times the return of the lowest performing index.
If worst-performing index falls by up to 20%, the payout will be par.
Investors will be exposed to the loss of the worst-performing index beyond the 20% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $540,000
|
| Maturity: | March 29, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 1.35 times the return of the lowest performing index; par if the lowest performer falls up to 20%; exposure to losses of worst performer beyond 20% buffer
|
| Initial levels: | 1,096.555 for Russell, 2,447.33 for S&P
|
| Pricing date: | March 24
|
| Settlement date: | March 27
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.6%
|
| Cusip: | 40056YWN0
|
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