By Wendy Van Sickle
Columbus, Ohio, Nov. 8 – GS Finance Corp. priced $3 million of 0% barrier market-linked notes with daily barrier observation due May 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event will occur if the closing level of the index is above the upper barrier, 126.85% of initial level, on any trading day during the life of the notes.
If a barrier event occurs, the payout at maturity will be par plus 2%.
If a barrier event does not occur and the final level of the index is greater than its initial level, the payout at maturity will be par plus the index return.
If a barrier event does not occur and the final level of the index is less than or equal to the initial level, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC and UBS Financial Services Inc. are the agents.
| Issuer: | GS Finance Corp.
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| Issue: | Barrier market-linked notes with daily barrier observation
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| Underlying index: | S&P 500 index
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| Amount: | $4,351,000
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| Maturity: | May 5, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If barrier event occurs, par plus 2%; if barrier event does not occur and final index level is greater than initial level, par plus index return; otherwise, par
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| Barrier event: | Closing level of index is greater than upper barrier on any trading day during life of notes
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| Initial index level: | 4,166.82
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| Upper barrier: | 126.85% of initial level
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| Pricing date: | Nov. 1
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| Settlement date: | Nov. 3
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| Agents: | Goldman Sachs & Co. LLC and UBS Financial Services Inc.
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| Fees: | 0.75%
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| Cusip: | 40057WZB6
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