By Wendy Van Sickle
Columbus, Ohio, Nov. 2 – GS Finance Corp. priced $19.6 million of 0% capped airbag gears due Oct. 31, 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 index return is positive, the payout at maturity will be par plus three times the index return, subject to a maximum settlement amount of 38%.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% that the index declines beyond 10%.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Capped airbag gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $19,599,700
|
| Maturity: | Oct. 31, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus three times any index gain, capped at 38%; par if the index falls by up to 10%; otherwise, 1.1111% loss for each 1% index decline beyond 10%
|
| Initial level: | 3,901.06
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Oct. 28
|
| Settlement date: | Nov. 4
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Selling agent: | UBS Financial Services Inc.
|
| Fees: | 0%
|
| Cusip: | 36264U355
|
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