By William Gullotti
Buffalo, N.Y., Jan. 12 – GS Finance Corp. priced $4.7 million of 0% leveraged buffered index-linked notes due Jan. 23, 2025 tied to the Nasdaq-100 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 1.5 times the index return, capped at par plus 17.85%.
Investors will receive par if the index falls by no more than 5% and will lose 1.0526% for every 1% decline beyond 5%.
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.
|
| Issue: | Leveraged buffered index-linked notes
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| Underlying index: | Nasdaq-100 index
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| Amount: | $4.7 million
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| Maturity: | Jan. 23, 2025
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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 1.5 times the index return, capped at par plus 17.85%; if index declines by no more than 5%, par; otherwise, lose 1.0526% for every 1% decline beyond 5%
|
| Initial index level: | 16,282.01
|
| Buffer level: | 95% of initial level
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| Strike date: | Jan. 4
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| Pricing date: | Jan. 5
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| Settlement date: | Jan. 10
|
| Underwriter: | Goldman Sachs & Co. LLC, with JPMorgan acting as placement agent
|
| Fees: | None
|
| Cusip: | 40057XT62
|
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