By William Gullotti
Buffalo, N.Y., Dec. 2 – GS Finance Corp. priced $2.08 million of 0% market-linked securities – leveraged upside participation and fixed percentage buffered downside due Dec. 4, 2028 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.2 times any gain in the index.
Investors will receive par if the index declines by no more than 20% and lose 1% for every 1% decline of the index beyond 20%.
The securities are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked securities – leveraged upside participation and fixed percentage buffered downside
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| Underlying: | Dow Jones industrial average
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| Amount: | $2,076,000
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| Maturity: | Dec. 4, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.2 times any index gain; if index falls by up to 20%, par; otherwise, 1% loss for every 1% decline of index beyond 20%
|
| Initial level: | 33,852.53
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| Buffer level: | 80% of initial level
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| Pricing date: | Nov. 29
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| Settlement date: | Dec. 2
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| Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
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| Fees: | 4.52%
|
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| Cusip: | 40057NVD6
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