By William Gullotti
Buffalo, N.Y., May 19 – GS Finance Corp. priced $2.8 million of 0% index-linked notes due April 24, 2026 linked to the least performing of the MSCI Emerging Markets Value index and the MSCI Japan Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final level of each index is greater than or equal to 125% of its initial level, the return will be positive and will equal par plus 25% plus an additional 2.3% for each 1% by which the final level of the lesser performing index exceeds 125% of its initial level.
If the final level of any index is less than 125% of its initial level but the final level of each index is greater than or equal to its initial level, the return on your notes will be positive and will equal $1,250 per $1,000 note.
If the final level of any index is less than the initial but greater than the 60% buffer, par.
Otherwise, investors will be fully exposed to any losses of the lesser-performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | MSCI Emerging Markets Value index, MSCI Japan Value index
|
| Amount: | $2,799,000
|
| Maturity: | April 24, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level of each index is greater than 125% the initial index level, par plus 25% plus an additional 2.3% for each 1% by which the final level of the lesser performing index exceeds 125%; if either index finishes below 125% of its final level but above initial levels, $1,250 per note; if the final level of any index is below the initial level but greater than the 60% buffer, par; if either index falls by more than 40%, investors will be fully exposed to the decline of the worst performing index
|
| Initial levels: | 220.02 for MSCI EM Value, 1,561.32 for MSCI Japan Value
|
| Trigger buffer levels: | 60% of initial levels
|
| Pricing date: | April 21
|
| Settlement date: | April 26
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.35%
|
| Cusip: | 40057FY81
|
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