By Wendy Van Sickle
Columbus, Ohio, April 22 – GS Finance Corp. priced $6.16 million of 0% index-linked notes due April 22, 2024 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 40%.
If worst-performing index falls by up to 30%, the payout will be par plus 12%.
Investors will be exposed to the loss of the worst-performing index if it falls by more than 30%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $6,158,000
|
| Maturity: | April 22, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 40%; par plus 12% if the lowest performer falls up to 30%; exposure to losses of worst performer if it falls beyond 30%
|
| Initial levels: | 1,229.098 for Russell, 2,874.56 for S&P
|
| Pricing date: | April 17
|
| Settlement date: | April 22
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.9%
|
| Cusip: | 40056YT46
|
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