By William Gullotti
Buffalo, N.Y., April 27 – GS Finance Corp. priced $1.22 million of 0% buffered digital index-linked notes due May 3, 2024 linked to 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 final level of the index is greater than or equal to 91% of its initial level, the payout at maturity will be par plus 9.5%.
If the index declines by more than 9% but no more than 14%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for each 1% decline beyond 14%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,222,000
|
| Maturity: | May 3, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater or equal to 91% of its initial level, par plus 9.5%; if the index falls by more than 9% but no more than 14%, par plus absolute value of index return; otherwise, 1% loss for each 1% decline beyond 14%
|
| Initial index level: | 4,109.31
|
| Buffer value: | 86% of initial level
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.43%
|
| Cusip: | 40057R2C1
|
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