By Marisa Wong
Morgantown, W.Va., Oct. 2 – GS Finance Corp. priced $95,000 of 0% notes due Sept. 29, 2021 linked to the Motif Capital National Defense Price Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 1.1 times the index return.
If the index return is zero or negative but not less than negative 20%, the payout will be par.
If the index falls by more than 20%, the payout will be par plus the index return with full exposure to losses.
The index tracks the U.S. exchange-listed common equity of public companies that derive at least 10% of their revenue from defense-related sales, principally of weapons systems to U.S. and foreign governments. The index rebalances annually, and the weights of the stocks are based on the percentage of each stock’s revenue derived from defense-related sales, subject to minimum and maximum index weight constraints of 0.1% and 5% or less of the index.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Notes
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| Underlying index: | Motif Capital National Defense Price Return index
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| Amount: | $95,000
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| Maturity: | Sept. 29, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.1 times any index gain; if index return is zero or negative but not less than negative 20%, par; if index falls by more than 20%, par plus the index return with full exposure to losses
|
| Initial index level: | 110.91
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| Pricing date: | Sept. 22
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| Settlement date: | Sept. 29
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| Agent: | Goldman Sachs & Co.
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| Fees: | 0.3%
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| Cusip: | 40054LR22
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