By Marisa Wong
Los Angeles, May 25 – GS Finance Corp. priced $4.14 million of 0% buffered notes due March 31, 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 $1,370 per $1,000 note.
If the index finishes flat or falls by up to 20%, investors will receive par. Otherwise, investors will lose 1% for every 1% index decline beyond the 20% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $4.14 million
|
| Maturity: | March 31, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 37%; par if index finishes flat or falls by up to 20%; otherwise, 1% loss for every 1% decline beyond 20% buffer
|
| Initial value: | 3,974.54
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.65%
|
| Cusip: | 40057FMF8
|
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