By Taylor Fox
New York, Nov. 23 – GS Finance Corp. priced $5.34 million of 0% buffered digital notes due June 14, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by the Goldman Sachs Group, Inc.
If the final level of the index is greater than or equal to its initial level, the payout at maturity will be par plus the return of the index, up to a maximum return of $1,110 per $1,000 of notes.
If the index declines by to up 15%, the payout will be par.
Investors will lose 1.1765% for every 1% that the index declines beyond 15%.
Goldman Sachs & Co. LLC. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $5,337,000
|
| Maturity: | June 14, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level is positive, par plus return of index capped at $1,110 per $1,000 of notes; par if index declines by up to 15%; 1.1765% loss for every 1% index decline beyond 15%
|
| Initial index level: | 3,545.53
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 18
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.18%
|
| Cusip: | 40057EK71
|
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