By William Gullotti
Buffalo, N.Y., March 18 – GS Finance Corp. priced $5.28 million of 0% index-linked notes due March 20, 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 return.
If the index falls by up to 23.9%, the payout will be par.
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.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $5,275,000
|
| Maturity: | March 20, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is zero or positive, par plus index return; if the index falls but the final underlier level is greater than or equal to the 76.1% trigger buffer level, par; if the index falls by more than 23.9%, investors will be fully exposed to the index’s decline from its initial level
|
| Initial level: | 4,173.11
|
| Trigger buffer level: | 76.1% of initial levels
|
| Strike date: | March 14
|
| Pricing date: | March 15
|
| Settlement date: | March 18
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057LJZ5
|
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