By William Gullotti
Buffalo, N.Y., Oct. 30 – GS Finance Corp. priced $6.34 million of 0% leveraged index-linked notes due Oct. 25, 2028 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 230% of the index return.
Investors will receive par if the index falls by no more than 40% and will be fully exposed to loss if it declines by more than 40%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | S&P 500 Futures Excess Return index
|
| Amount: | $6,344,000
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| Maturity: | Oct. 25, 2028
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus 230% of the index return; if index falls by no more than 40%, par; otherwise, full exposure to decline from initial level
|
| Initial index level: | 377.1
|
| Trigger level: | 60% of initial level
|
| Pricing date: | Oct. 20
|
| Settlement date: | Oct. 25
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.77%
|
| Cusip: | 40057WNT0
|
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