By Kiku Steinfeld
Chicago, Jan. 21 – GS Finance Corp. priced $1.36 million of 0% leveraged buffered index-linked notes due July 5, 2024 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 return is positive, the payout at maturity will be par plus 2 times the index return, up to a maximum payout of par plus 25%.
If the index return is negative but not less than negative 10%, the payout will be par.
Investors will lose 1% for every 1% decline in the index beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,358,000
|
| Maturity: | July 5, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus 2 times the index return up to maximum payout of par plus 25%; if the index return is negative but not less than negative 10%, par; 1% loss for every 1% decline in the index beyond 10%
|
| Initial index level: | 4,284.83
|
| Pricing date: | Dec. 29
|
| Settlement date: | Dec. 31
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.81%
|
| Cusip: | 40057KBP7
|
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