By William Gullotti
Buffalo, N.Y., Nov. 14– GS Finance Corp. priced $1 million of 0% buffered index-linked notes due March 28, 2025 based on the performance of the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above its initial level, the payout at maturity will be par plus 9.4%.
If the index falls by up to 25%, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1.3333% for every 1% decline beyond 25%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered index-linked notes
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| Underlying index: | Nasdaq-100 index
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| Amount: | $1 million
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| Maturity: | March 28, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index finishes flat or positive, par plus 9.4%; if index falls by up to 25%, par plus absolute value of index return; otherwise, 1.3333% loss for every 1% decline beyond 25%
|
| Initial index level: | 15,313.24
|
| Buffer level: | 75% of initial level
|
| Pricing date: | Nov. 8
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| Settlement date: | Nov. 15
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.07%
|
| Cusip: | 40057X5J0
|
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