By William Gullotti
Buffalo, N.Y., April 4 – GS Finance Corp. priced $1.72 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 4, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, subject to a maximum return of par plus 22%.
If the index falls by up to 10%, the payout will be par.
Investors will lose 1% for every 1% decline of the index beyond the 10% buffer.
The securities are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying: | Nasdaq-100 index
|
| Amount: | $1,723,000
|
| Maturity: | Oct. 4, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any index gain, capped at par plus 22%; if index falls by up to 10%, par; otherwise, 1% loss for every 1% decline of index beyond 10% buffer
|
| Initial level: | 15,071.55
|
| Buffer level: | 90% of initial level
|
| Pricing date: | March 30
|
| Settlement date: | April 4
|
| Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
|
| Fees: | 3.01%
|
| Cusip: | 40057LDJ7
|
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