By William Gullotti
Buffalo, N.Y., April 24 – GS Finance Corp. priced $1.3 million of 0% market-linked notes due April 17, 2026 linked to the S&P 500 index, 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 24.05%.
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.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,304,000
|
| Maturity: | April 17, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 24.05%; par if index finishes flat or falls
|
| Initial index level: | 4,137.64
|
| Pricing date: | April 14
|
| Settlement date: | April 19
|
| Agent: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. acting as selling agent
|
| Fees: | 2.5%
|
| Cusip: | 40057RFD5
|
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