By Marisa Wong
Los Angeles, May 25 – GS Finance Corp. priced $2 million of 0% buffered notes due March 29, 2024 tied to the MSCI EAFE 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 $1,550 per $1,000 note.
If the index finishes flat or falls by up to 15%, investors will receive par. Otherwise, investors will lose 1.1765% for every 1% index decline beyond the 15% buffer.
Goldman Sachs & Co. LLC is the agent with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered notes
|
| Underlying index: | MSCI EAFE index
|
| Amount: | $4.14 million
|
| Maturity: | March 29, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 55%; par if index finishes flat or falls by up to 15%; otherwise, 1.1765% loss for every 1% decline beyond 15% buffer
|
| Initial value: | 2,217.82
|
| Final value: | Average of closing levels on five trading days ending March 26, 2024
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 2%
|
| Cusip: | 40057FTY0
|
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