By William Gullotti
Buffalo, N.Y., April 3 – GS Finance Corp. priced $1.7 million of 0% callable index-linked notes due March 26, 2029 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.
The notes may be called at par plus 9.5% per year on any quarterly call date after one year.
If the notes are not called and the index finishes positive, the payout at maturity will be par plus the gain.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.7 million
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| Maturity: | March 26, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above initial level, par plus the index return; if the index finishes flat or declines, par
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| Call option: | At par plus 9.5% per year on any quarterly call date after one year
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| Initial level: | 5,241.53
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| Pricing date: | March 21
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| Settlement date: | March 26
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| Agents: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 40057YQZ9
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