By William Gullotti
Buffalo, N.Y., Feb. 27 – GS Finance Corp. priced $1 million of 0% leveraged buffered index-linked notes due Feb. 5, 2027 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, investors will receive par plus 1.1 times the index gain, capped at par plus 44%.
If the index return is flat or falls by up to 25%, investors will lose 1% for each 1% decline from initial level, subject to a minimum payout of 95% of par.
Otherwise, investors will lose 1% from the minimum payment for each 1% that the index declines beyond 25%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | Feb. 5, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.1 times the index gain, capped at par plus 44%; if index return is flat or falls by up to 25%, lose 1% for each 1% decline from initial level, subject to minimum payment of 95% of par; otherwise, subtract 1% from 95% of par for every 1% decline of index beyond 25%
|
| Initial index level: | 4,958.61
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| Buffer level: | 75% of initial level
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| Pricing date: | Feb. 2
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| Settlement date: | Feb. 7
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 40057YA60
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