By Marisa Wong
Los Angeles, April 19 – GS Finance Corp. priced $77,000 of 0% leveraged buffered notes due March 3, 2026 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes above its initial level, the payout at maturity will be par plus the gain, subject to a maximum payout of $1,700 per $1,000 note.
If the index finishes flat or falls by up to 15%, investors will receive par. Otherwise, investors will lose 1% for every 1% index decline beyond the 15% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $77,000
|
| Maturity: | March 3, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 70%; par if index finishes flat or falls by up to 15%; otherwise, 1% loss for every 1% decline beyond 15% buffer
|
| Initial value: | 3,811.15
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 3
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.85%
|
| Cusip: | 40057FCM4
|
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