By Kiku Steinfeld
Chicago, Dec. 30 – GS Finance Corp. priced $2.27 million of 0% buffered index-linked notes due Dec. 16, 2022 linked to the Nasdaq-100 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 zero or positive, the payout at maturity will be par plus the index return, capped at 23.93%.
If the index return is negative but the index finishes at or above 90% of its initial level, the payout will be par plus the absolute value of the index return.
If the index finishes below 90% of its initial level, investors will lose 1.1111% for every 1% decline of the index beyond 10%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | Nasdaq-100
|
| Amount: | $2,265,000
|
| Maturity: | Dec. 16, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is zero or positive, par plus the index return, capped at 23.93%; if the index return is negative but the index finishes at or above 90% of its initial level, par plus the absolute value of the index return; if the index finishes below 90% of its initial level, investors will lose 1.1111% for every 1% decline of the index beyond the buffer
|
| Initial level: | 12,462.21
|
| Buffer: | 90% of initial level
|
| Pricing date: | Dec. 14
|
| Settlement date: | Dec. 21
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 1.65%
|
| Cusip: | 40057ETQ0
|
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