By William Gullotti
Buffalo, N.Y., Feb. 9 – GS Finance Corp. priced $31.46 million of 0% leveraged index-linked notes due May 11, 2023 tied to the Russell 2000 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 double the index return, capped at 24.1%.
Investors will be fully exposed to any index decline.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | Russell 2000 index
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| Amount: | $31.46 million
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| Maturity: | May 11, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus two times the index return, capped at 24.1%; otherwise, investors will be fully exposed to the decline of the index from its initial level
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| Initial index level: | 2,005.91
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| Pricing date: | Feb. 3
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| Settlement date: | Feb. 10
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.94%
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| Cusip: | 40057KZL0
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