By William Gullotti
Buffalo, N.Y., Jan. 31 – GS Finance Corp. priced $2.91 million of 0% leveraged index-linked notes due Jan. 22, 2029 tied to the Russell 2000 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 112.75% of the return.
Investors will gain 1% for each 1% decline if the index declines but finishes at or above its 80% trigger level and lose 1% for each 1% decline if it finishes below trigger level.
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
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| Underlying index: | Russell 2000 index
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| Amount: | $2.91 million
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| Maturity: | Jan. 22, 2029
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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 112.75% of the return; if the index falls by no more than 20%, par plus the absolute value of the return; otherwise, full exposure to decline of index from initial level
|
| Initial index level: | 1,913.166
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| Trigger level: | 80% of initial level
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| Pricing date: | Jan. 17
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| Settlement date: | Jan. 22
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.25%
|
| Cusip: | 40057XVP7
|
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