By Wendy Van Sickle
Columbus, Ohio, March 16 – GS Finance Corp. priced $24.98 million of 0% index-linked trigger notes due March 29, 2023 tied to 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 index finishes at or above 85% of its initial level, the payout at maturity will be par plus 11.25%.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is working as the placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked trigger notes
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| Underlying index: | S&P 500 index
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| Amount: | $24.98 million
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| Maturity: | March 29, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above 85% of initial level, par plus 11.25%;otherwise, full exposure to losses of index
|
| Initial index level: | 4,204.31
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| Pricing date: | March 11
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| Settlement date: | March 16
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| Underwriter: | Goldman Sachs & Co. LLC
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| Placement agent: | JPMorgan Securities LLC
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| Fees: | 1%
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| Cusip: | 40057LGX3
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