By Kiku Steinfeld
Chicago, Nov. 21 – GS Finance Corp. priced $1.37 million of 0% index-linked notes due March 19, 2027 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.
Investors will receive par if the index declines but not more than 40%.
Otherwise, investors will be fully exposed to the losses of the index.
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: | $1,367,000
|
| Maturity: | March 19, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is zero or positive, par plus index return; par if index declines but not beyond 40%; otherwise, investors will be fully exposed to the losses of the index
|
| Initial level: | 4,357.86
|
| Barrier level: | 60% of initial level
|
| Pricing date: | March 16
|
| Settlement date: | March 21
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.125%
|
| Cusip: | 40057LJ44
|
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