By Kiku Steinfeld
Chicago, Oct. 15 – GS Finance Corp. priced $10,000 of 0% buffered index-linked notes due March 28, 2025 tied to the Dow Jones U.S. Select Dividend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index closes above its initial level, the payout at maturity will be par plus 1.3 times the index return.
If the index finishes flat or falls by up to 10%, investors will receive par. Investors will lose 1% for every 1% decline beyond the 10% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered index-linked notes
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| Underlying index: | Dow Jones U.S. Select Dividend
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| Amount: | $10,000
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| Maturity: | March 28, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.3 times any index gain; par if index finishes flat or falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
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| Initial index levels: | 576.96
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.6%
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| Cusip: | 40057CRX1
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