By Kiku Steinfeld
Chicago, Dec. 22 – GS Finance Corp. priced $700,000 of 0% leveraged equity-linked notes due Jan. 19, 2023 tied to the common stock of Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the stock return is greater than its initial level, the payout at maturity will be par plus 2 times the return, up to par plus 25%.
If the stock falls by up to 10%, the payout will be par.
If the stock return is below negative 10%, investors will lose 1% for every 1% decline of the stock from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged equity-linked notes
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| Underlying stock: | Visa Inc.
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| Amount: | $700,000
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| Maturity: | Jan. 19, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock return is greater than initial level, par plus 2 times return, up to par plus 25%; if stock falls by up to 10%, par; otherwise, full exposure to loss
|
| Initial level: | $213.40
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| Trigger level: | 90% of initial levels
|
| Pricing date: | Dec. 13
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| Settlement date: | Dec. 16
|
| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 0.25%
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| Cusip: | 40057KHR7
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