By William Gullotti
Buffalo, N.Y., May 10 – GS Finance Corp. priced $1.17 million of 0% leveraged buffered index-linked notes due May 10, 2027 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, investors will receive par plus 1.5 times the index gain, capped at par plus 59%.
If the index return is flat or falls by up to 15%, investors will receive par. Investors will lose 1% for every 1% decline beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered index-linked notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $1.17 million
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| Maturity: | May 10, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times the index gain, capped at par plus 59%; if index return is flat or falls by up to 15%, par; 1% loss for every 1% decline beyond 15%
|
| Initial index level: | 33,674.38
|
| Buffer level: | 85% of initial level
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| Pricing date: | May 5
|
| Settlement date: | May 10
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | None
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| Cusip: | 40057RQX9
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