By William Gullotti
Buffalo, N.Y., Aug. 21 –GS Finance Corp. priced $5 million of 0% buffer gears due Aug. 15, 2030 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 return is greater than zero, the payout at maturity will be par of $10 plus 1.11 times the index return.
Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% that the index declines beyond 25%.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffer gears
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| Underlying index: | S&P 500 index
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| Amount: | $5 million
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| Maturity: | Aug. 15, 2030
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is greater than zero, par plus 1.11 times index return; par if index declines by 25% or less; otherwise, 1% loss for every 1% that index declines beyond 25%
|
| Initial level: | 4,464.05
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| Buffer level: | 75% of initial level
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| Strike date: | Aug. 11
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| Pricing date: | Aug. 14
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| Settlement date: | Aug. 16
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| Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | 3.5%
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| Cusip: | 36265J870
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