By Wendy Van Sickle
Columbus, Ohio, Aug. 13 – GS Finance Corp. priced $20.9 million of 0% leveraged index-linked notes due Feb. 3, 2023 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 3 times the index gain up to a maximum payout of par plus 16.11%.
Investors will lose 1% for every 1% index decline below the initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | S&P 500
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| Amount: | $20.9 million
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| Maturity: | Feb. 3, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 3 times any index gain up to maximum of par plus 16.11%; full exposure to index decline below initial level
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| Initial index level: | 4,387.16
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| Pricing date: | Aug. 2
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| Settlement date: | Aug. 9
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.13%
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| Cusip: | 40057HYV6
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