By William Gullotti
Buffalo, N.Y., Feb. 20 – GS Finance Corp. priced $2.32 million of 0% callable index-linked notes due Feb. 14, 2029 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes may be called at par plus 12% per year on any monthly call date after one year.
If the notes are not called and the index finishes positive, the payout at maturity will be par plus 450.5% of the gain.
Investors will receive par if the index falls by no more than 30%. Otherwise, investors will lose 1% for each 1% that the index declines from initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable index-linked notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $2,323,000
|
| Maturity: | Feb. 14, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above initial level, par plus 450.5% of the index return; if the index declines by no more than 30%, par; otherwise, lose 1% for every 1% decline from initial level
|
| Call option: | At par plus 12% per year on any monthly call date after one year
|
| Initial level: | 2,009.992
|
| Threshold level: | 70% of initial level
|
| Pricing date: | Feb. 9
|
| Settlement date: | Feb. 14
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.125%
|
| Cusip: | 40057YA86
|
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