By William Gullotti
Buffalo, N.Y., Dec. 13 – GS Finance Corp. priced $5.83 million of 0% trigger absolute return step securities due Oct. 19, 2027 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 final level of the index is greater than or equal to its initial level, the payout at maturity will be par of $10 plus the greater of the step return of 45% and the index return.
If the final level of the index is less than the initial level but greater than or equal to the downside threshold level, 75% of the initial level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% that the final level of the index is less than the initial level.
Goldman, Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger absolute return step securities
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| Underlying index: | S&P 500
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| Amount: | $5,832,000
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| Maturity: | Oct. 19, 2027
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the final index level is greater than or equal to its initial level, par plus the greater of 45% and the index return; if the final index level is less than the initial level but greater than or equal to the downside threshold, par plus the absolute value of the index return; otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level
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| Initial index level: | 3,583.07
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| Downside threshold: | 2,687.3; 75% of initial levels
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| Pricing date: | Oct. 14
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| Settlement date: | Oct. 19
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| Underwriter: | Goldman, Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
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| Fees: | 3.5%
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| Cusip: | 36264Q867
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