By William Gullotti
Buffalo, N.Y., March 21 – GS Finance Corp. priced $4.67 million of 0% market-linked notes due March 20, 2028 linked to the Dow Jones industrial average, according to a 424B2 with the Securities and Exchange Commission.
The securities are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.1 times the index gain, subject to a maximum payout of par plus 51%.
If the index finishes flat or declines, investors will receive par.
Goldman Sachs & Co. LLC is the agent, with UBS Financial Services Inc. acting as selling agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $4,666,000
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| Maturity: | March 20, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.1 times any index gain, capped at par plus 51%; par if index finishes flat or falls
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| Initial index level: | 31,874.57
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| Pricing date: | March 15
|
| Settlement date: | March 20
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| Agent: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. acting as selling agent
|
| Fees: | 3.5%
|
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| Cusip: | 40057PXC1
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