By William Gullotti
Buffalo, N.Y., May 9 – GS Finance Corp. priced $2.2 million of 0% index-linked notes due May 8, 2024 linked to 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 never closes above its 110% upper barrier or below its 80% lower barrier on any trading day during the life of the notes, the payout at maturity will be par plus 24.2%.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent, with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2.2 million
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| Maturity: | May 8, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index never closes above its upper barrier or below its lower barrier on any trading day during the life of the notes, par plus 24.2%; otherwise, par
|
| Initial level: | 4,119.58
|
| Upper barrier: | 110% of initial level
|
| Lower barrier: | 80% of initial level
|
| Strike date: | May 2
|
| Pricing date: | May 3
|
| Settlement date: | May 8
|
| Agent: | Goldman Sachs & Co. LLC, with JPMorgan as placement agent
|
| Fees: | 1%
|
| Cusip: | 40057RT32
|
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