Chicago, Dec. 4 – GS Finance Corp. priced $156,000 of 0% index-linked notes due March 31, 2026 tied to the least performing of the Dow Jones industrial average and 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.
At maturity, investors will receive par plus the return of the worst performer if both indexes finish above their initial levels.
The payout will be par if either index finishes below its initial level, but both indexes finish above 90% of their initial levels.
Otherwise, investors will be exposed to the losses of the worst performer beyond the 10% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
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| Underlying indexes: | Dow Jones industrial average, S&P 500 index
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| Amount: | $156,000
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| Maturity: | March 31, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus the return of worst performer if both indexes finish above initial levels; par if the worst performer finishes below initial level but above buffer level; otherwise, exposure to losses of worst performer beyond buffer
|
| Initial levels: | 3,974.54 for S&P, 33,072.88 for Dow
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| Buffer levels: | 90% of initial levels
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| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.95%
|
| Cusip: | 40057FN34
|
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