By William Gullotti
Buffalo, N.Y., April 24 – GS Finance Corp. priced $1.5 million of 0% bearish digital index-linked notes due Jan. 18, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or below its initial level, the payout at maturity will be par plus 20.35%.
Investors will receive par if the index gains no more than 15% and lose 1% for each 1% gain if the index finishes above its 115% trigger buffer level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc
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| Issue: | Bearish digital index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.5 million
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| Maturity: | Jan. 18, 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 declines, par plus 20.35%; if the index gains by up to 15%, par; otherwise, lose 1% for each 1% gain of the index from initial level
|
| Initial index level: | 4,137.64
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| Trigger buffer level: | 115% of initial level
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| Pricing date: | April 14
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| Settlement date: | April 19
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 40057RJ41
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