By Kiku Steinfeld
Chicago, Nov. 10 – GS Finance Corp. priced $176,000 of 0% leveraged index-linked notes due July 30, 2026 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.08 times the index return.
If the index is flat or declines by up to 20%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman, Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $176,000
|
| Maturity: | July 30, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 1.08 times the index return; if the index is flat or declines by up to 20%, par; otherwise, exposure to the decline of the index from its initial level
|
| Initial index level: | 4,401.46
|
| Pricing date: | July 27
|
| Settlement date: | July 30
|
| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 40057HUN8
|
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