By Sarah Lizee
Olympia, Wash., May 20 – GS Finance Corp. priced $1.1 million of 0% market-linked securities – upside participation and fixed percentage buffered downside due May 20, 2026 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 positive, the payout at maturity will be par plus 103% of the index return.
If the index declines by up to 20%, the payout will be par.
If the index declines by more than 20%, investors will be exposed to the decline of the index beyond 20%.
Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked securities – upside participation and fixed percentage buffered downside
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| Underlying index: | S&P 500
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| Amount: | $1.1 million
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| Maturity: | May 20, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus 103% of the index return; if the index declines by up to 20%, par; if the index declines by more than 20%, investors will be exposed to the decline of the index beyond 20%
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| Initial index level: | 2,863.70
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| Buffer level: | 80% of initial level
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| Pricing date: | May 15
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| Settlement date: | May 20
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| Underwriters: | Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC
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| Fees: | 5.105%
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| Cusip: | 40057EAR8
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