Chicago, Nov. 28 – GS Finance Corp. priced $3 million of 0% buffer gears due Nov. 26, 2030 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 2.18 times the index return.
Investors will receive par if the index declines by 25% or less and lose 1% for every 1% that the index declines beyond 25%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. UBS Financial Services Inc. is the 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: | Euro Stoxx 50 index
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| Amount: | $3 million
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| Maturity: | Nov. 26, 2030
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the index return is greater than zero, par plus 2.18 times the index return; par if the index declines by 25% or less; 1% loss for every 1% decline beyond 25%
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| Initial index level: | 4,331.90
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| Buffer level: | 75% of initial level
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| Pricing date: | Nov. 21
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| Settlement date: | Nov. 27
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| Agent: | Goldman Sachs & Co. LLC
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| Selling agent: | UBS Financial Services Inc.
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| Fees: | 3.5%
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| Cusip: | 36266M666
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