By William Gullotti
Buffalo, N.Y., April 13 – GS Finance Corp. priced $1.3 million of 0% buffered index-linked notes due May 1, 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.
If the index’s final level is greater than or equal to its initial level, the payout at maturity will be par plus 8.16%.
If the index falls by up to 20%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1.25% for every 1% decline beyond 20%.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered index-linked notes
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| Underlying index: | S&P 500
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| Amount: | $1.3 million
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| Maturity: | May 1, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes flat or positive, par plus 8.16%; if index falls by up to 20%, par plus absolute value of index return; 1.25% loss for every 1% decline beyond 20%
|
| Initial index level: | 4,027.81
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| Buffer level: | 80% of initial level
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| Pricing date: | March 29
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| Settlement date: | April 5
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| Agent: | Goldman, Sachs & Co. LLC
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| Fees: | 0.82%
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| Cusip: | 40057R6Z6
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