By Susanna Moon
Chicago, May 3 – GS Finance Corp. priced $212,000 of 0% index-linked notes due May 2, 2022 linked 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 finishes above the initial level, the payout at maturity will be par plus the gain up to a maximum upside settlement amount of $2,000 for each $1,000 principal amount.
If the index falls by up to the 60% knock-out level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | S&P 500
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| Amount: | $212,000
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| Maturity: | May 2, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any gain up to a cap of 200% of par; if index falls by up to 40%, par plus absolute return; otherwise, full exposure to any losses
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| Initial level: | 2,095.15
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| Knock-out level: | 60% of initial level
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| Pricing date: | April 27
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| Settlement date: | April 29
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 4.125%
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| Cusip: | 40054KAM8
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