By William Gullotti
Buffalo, N.Y., Oct. 11 – GS Finance Corp. priced $2.49 million of 0% index-linked notes due Oct. 18, 2023 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, subject to a maximum payout of par plus 7%.
If the index falls by up to 34.29%, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to the index’s decline from its initial level.
Goldman Sachs & Co. LLC is the agent with JPMorgan acting as placement 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: | $2.49 million
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| Maturity: | Oct. 18, 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 zero or positive, par plus index return capped at 7%; if the index falls but the final underlier level is greater than or equal to the 65.71% trigger buffer level, par plus the absolute value of the index return; otherwise, investors will be fully exposed to the index’s decline from its initial level
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| Initial level: | 3,585.62
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| Trigger buffer level: | 65.71% of initial level
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 5
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| Agent: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
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| Fees: | 1%
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| Cusip: | 40057NDZ7
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