Chicago, May 5 – GS Finance Corp. priced $1.42 million of 0% index-linked notes due April 28, 2028 linked to the least performing of the Russell 2000 index and 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 each index finishes above its initial level, the payout at maturity will be par plus 1.2 times the return of the worst performer.
If each index finishes at or above its 80% buffer level but at least one has declined, the payout at maturity will be par.
Otherwise, investors will be exposed to the decline of the worst performing index beyond the 20% buffer.
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: | Index-linked notes
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| Underlying indexes: | Russell 2000 index, S&P 500 index
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| Amount: | $1,422,000
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| Maturity: | April 28, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.2 times return of worst performer if both indexes finish positive; par if at least one index has declined but both finish above buffer levels; otherwise, 1% loss for each 1% decline beyond 20% buffer
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| Initial levels: | 1,745.952 for Russell, 4,071.63 for S&P
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| Buffer levels: | 80% of initial levels
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| Pricing date: | April 25
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| Settlement date: | April 28
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.66%
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| Cusip: | 40057RDZ8
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