Chicago, March 13 – GS Finance Corp. priced $2 million of 0% leveraged buffered index-linked notes due Sept. 10, 2025 tied to the Topix 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 1.5 times the index gain, capped at par plus 40%.
If the index return is flat or falls by up to 15%, investors will receive par. Investors will lose 1% for every 1% decline beyond 15%.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | Topix index
|
| Amount: | $2,000,000
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| Maturity: | Sept. 10, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.5 times the index gain, capped at par plus 40%; if index return is flat or falls by up to 15%, par; 1% loss for every 1% decline beyond 15%
|
| Initial index level: | 2,719.93
|
| Buffer level: | 85% of initial level
|
| Pricing date: | March 5
|
| Settlement date: | March 8
|
| Agent: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40057YMH3
|
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