By William Gullotti
Buffalo, N.Y., Oct. 18 – GS Finance Corp. priced $1.18 million of 0% leveraged index-linked notes due Oct. 30, 2024 tied to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.415 times the index return, capped at par plus 25.15%.
Investors receive par if the index finishes flat or falls by no more than 15% and lose 1% for each 1% decline if it finishes below its 85% trigger level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter, with JPMorgan acting as placement agent.
| Issuer: | GS Finance Corp.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | S&P 500 Futures Excess Return index
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| Amount: | $1.18 million
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| Maturity: | Oct. 30, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus 1.415 times the index return, capped at par plus 25.15%; if index falls by up to 15%, par; otherwise, full exposure to loss
|
| Initial index level: | 386.75
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| Trigger level: | 85% of initial level
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| Pricing date: | Oct. 13
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| Settlement date: | Oct. 18
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| Underwriter: | Goldman Sachs & Co. LLC, with JPMorgan acting as placement agent
|
| Fees: | 1%
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| Cusip: | 40057WPC5
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