By Wendy Van Sickle
Columbus, Ohio, April 25 – GS Finance Corp. priced $1 million of 0% index-linked notes due April 23, 2024 linked 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 final index level is greater than or equal to the initial level, the payout at maturity will be par plus the index return. If the index falls but not below the 79.95% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | April 23, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than or equal to initial level, par plus index return; par if index falls but not below 79.95% of initial level; otherwise, full exposure to decline in the index from initial level
|
| Initial level: | 4,446.59
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| Trigger buffer level: | 79.95% of initial level
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| Pricing date: | April 18
|
| Settlement date: | April 21
|
| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.5%
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| Cusip: | 40057LSS1
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