Chicago, March 22 – GS Finance Corp. priced $1 million of 0% buffered index-linked notes due Feb. 1, 2024 based on the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus any index gain, up to the maximum settlement amount of $1,230 per $1,000 principal amount of notes.
If the index falls by up to 20%, the payout will be par plus 50% of the absolute value of the index return.
Otherwise, investors will lose 1.25% for every 1% decline beyond 20%.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1,000,000
|
| Maturity: | Feb. 1, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 23%; if index falls by up to 20%, par plus 50% of the absolute value of the index return; 1.25% loss for every 1% decline beyond 20%
|
| Initial index level: | 2,073.641
|
| Buffer level: | 80% of initial level
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 5
|
| Agent: | Goldman, Sachs & Co. LLC
|
| Fees: | 0.175%
|
| Cusip: | 40057FFE9
|
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