By Kiku Steinfeld
Chicago, May 3 – GS Finance Corp. priced $5 million of 0% leveraged index-linked notes due April 18, 2024 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 3 times the index return, capped at 31.6%.
If the index is flat or declines by up to 25%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $5 million
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| Maturity: | April 18, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus 3 times the index return, capped at 31.6%; if the index is flat or declines by up to 25%, par; otherwise, investors will be fully exposed to the decline of the index
|
| Initial index level: | 3,993.43
|
| Trigger level: | 75% of initial level
|
| Pricing date: | April 15
|
| Settlement date: | April 20
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.75%
|
| Cusip: | 40057FZ72
|
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