By William Gullotti
Buffalo, N.Y., Dec. 8 – GS Finance Corp. priced $750,000 of 0% index-linked notes due Dec. 5, 2024 linked to the performance of 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 return of the index is zero or positive, the payout at maturity will be par plus the index gain capped at 32%.
If the index falls by up to 34%, the payout will be par plus 0.5 times the absolute value of the return.
Otherwise, investors will be fully exposed to the index’s decline from its 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: | Index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $750,000
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| Maturity: | Dec. 5, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is zero or positive, par plus index return subject to a maximum payout of par plus 32%; if the index falls but the final underlier level is greater than or equal to the 66% trigger buffer level, par plus half of the absolute return of the index; if the index falls by more than 34%, investors will be fully exposed to the index’s decline from its initial level
|
| Initial level: | 4,513.04
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| Trigger buffer level: | 66% of initial levels
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| Pricing date: | Dec. 1
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| Settlement date: | Dec. 6
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.45%
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| Cusip: | 40057KEZ2
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