By Devika Patel
Knoxville, Tenn., Dec. 1 – GS Finance Corp. priced $527,000 of 0% buffered notes due Nov. 26, 2021 linked to the Russell 2000 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, the payout at maturity will be equal to the gain.
Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that the index declines beyond 15%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | Russell 2000
|
| Amount: | $527,000
|
| Maturity: | Nov. 26, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par for any decline up to 15%; 1% loss for each 1% decline beyond 15%
|
| Initial index level: | 1,334.341
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 28
|
| Underwriters: | Goldman, Sachs & Co.
|
| Fees: | 4.05%
|
| Cusip: | 40054KPE0
|
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