By Taylor Fox
New York, March 25 – GS Finance Corp. priced $2 million of 0% leveraged index-linked notes due March 15, 2024 tied to 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 three times any index gain, up to a maximum settlement amount of $1,300 per $1,000 note.
Investors will receive par if the index declines by up to 25%.
If the final value of the index is below 75% of its initial level, investors will be fully exposed to the decline of the index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | Russell 2000 index
|
| Amount: | $2 million
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| Maturity: | March 15, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus three times any index gain, up to a maximum settlement amount of $1,300 per $1,000 note; par if the index declines by up to 25%; full exposure to losses if index finishes below 75% of initial level
|
| Initial index level: | 2,352.789
|
| Trigger buffer level: | 75% of initial level
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| Pricing date: | March 12
|
| Settlement date: | March 17
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.925%
|
| Cusip: | 40057FR48
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