By William Gullotti
Buffalo, N.Y., March 23 – GS Finance Corp. priced $1 million of 0% leveraged index-linked notes due March 22, 2027 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 233% of the index return, capped at par plus 60%.
Investors will receive par if the index declines by no more than 25% and will be fully exposed to loss if it declines by more than 25%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | March 22, 2027
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus 233% of the index return, capped at par plus 60%; if index falls by no more than 25%, par; otherwise, full exposure to index decline from initial level
|
| Initial index level: | 3,916.64
|
| Trigger level: | 75% of initial level
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| Pricing date: | March 17
|
| Settlement date: | March 22
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | None
|
| Cusip: | 40057R5V6
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