By Wendy Van Sickle
Columbus, Ohio, Sept. 29 – GS Finance Corp. priced $3.94 million of 0% leveraged index-linked notes due July 11, 2025 tied to the Euro Stoxx 50 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, subject to the maximum settlement amount of $1,642.50 per $1,000 principal amount of notes.
If the index finishes flat or falls by up to 20%, the payout will be par. Otherwise, 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: | Euro Stoxx 50
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| Amount: | $3.94 million
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| Maturity: | July 11, 2025
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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, subject to 64.25% cap; if the index falls by up to 20%, par; otherwise, full exposure to index decline below initial level
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| Initial index level: | 3,991.66
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| Pricing date: | July 8
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| Settlement date: | July 13
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.75%, including selling concession of up to 2.75%
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| Cusip: | 40057HSZ4
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