By Marisa Wong
Morgantown, W.Va., Feb. 27 – GS Finance Corp. priced $1.29 million of 0% leveraged notes due Feb. 27, 2023 tied to the Dow Jones industrial average, 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 par plus 130% of the index return.
If the index return is negative but not less than negative 30%, the payout will be par plus the absolute value of the index return.
If the index falls by more than 30%, investors will lose 1% for every 1% decline in the index below the initial level.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $1.29 million
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| Maturity: | Feb. 27, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus 130% of the gain; if the index return is negative but not less than negative 30%, par plus the absolute value of the index return; if the index falls by more than 30%, 1% loss for every 1% decline in the index below the initial level
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| Initial index level: | 20,624.05
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| Pricing date: | Feb. 17
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| Settlement date: | Feb. 27
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 3.625%
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| Cusip: | 40054KUY0
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