By Marisa Wong
Los Angeles, April 24 – GS Finance Corp. priced $706,000 of 0% buffered digital index-linked notes due April 14, 2025 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 return is greater than 50%, the payout at maturity will be par plus 50%.
If the index return is greater than or equal to negative 15% but less than 50%, the payout will be par plus the greater of 21% and the index return.
If the index return is less than negative 15%, investors will lose 1% for every 1% index decline beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered digital index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $706,000
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| Maturity: | April 14, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, finishes flat or falls by up to 15%, par plus the greater of 21% and the index return, capped at 50%; otherwise, 1% for every 1% index decline beyond 15%
|
| Initial index level: | 2,789.82
|
| Pricing date: | April 9
|
| Settlement date: | April 14
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.71%
|
| Cusip: | 40056YXH2
|
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