By William Gullotti
Buffalo, N.Y., Nov. 30 – GS Finance Corp. priced $1.8 million of 0% buffered index-linked notes due Sept. 26, 2024 based on 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.
The payout at maturity will be par plus any index gain, subject to a maximum return of par plus 20%.
If the index falls by up to 25%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% decline beyond 25%.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,799,000
|
| Maturity: | Sept. 26, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain capped at 20%; if index falls by up to 25%, par plus absolute value of index return; otherwise, 1% loss for every 1% decline beyond 25%
|
| Initial index level: | 4,003.58
|
| Buffer level: | 75% of initial level
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 28
|
| Agent: | Goldman, Sachs & Co. LLC
|
| Fees: | 0.58%
|
| Cusip: | 40057NZN0
|
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