By Susanna Moon
Chicago, Jan. 31 – GS Finance Corp. priced $2.51 million of 0% buffered notes due Jan. 31, 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.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 25% and will be exposed to any losses beyond 25%.
Investors will be 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: | Buffered notes
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| Underlying index: | S&P 500
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| Amount: | $2,505,000
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| Maturity: | Jan. 31, 2022
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | Par plus any index gain; if index falls by up to 25%, par; otherwise, exposure to any losses beyond 25%
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| Initial index level: | 2,296.68
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 3.85%
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| Cusip: | 40054KSP2
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