By William Gullotti
Buffalo, N.Y., Feb. 20 – GS Finance Corp. priced $1 million of 0% leveraged buffered equity-linked notes due April 14, 2025 tied to the common stock of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the stock finishes above its initial level, the payout at maturity will be par plus 300% of the gain, capped at par plus 22.6%.
If the stock finishes flat or falls by up to 10%, investors will receive par. Otherwise, investors will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered equity-linked notes
|
| Underlying stock: | Boeing Co.
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| Amount: | $1,002,000
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| Maturity: | April 14, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 300% of any gain, capped at par plus 22.6%; par if stock finishes flat or falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
|
| Initial stock level: | $209.20
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Feb. 9
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| Settlement date: | Feb. 14
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057YCW1
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