By Marisa Wong
Morgantown, W.Va., Nov. 10 – GS Finance Corp. priced $790,000 of 0% buffered commodity-linked notes due May 11, 2023 tied to the U.S. Dollar LBMA Gold Price PM, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the gold return is positive, the payout at maturity will be par plus the gold return, capped at 60%.
Investors will receive par if gold falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered commodity-linked notes
|
| Underlying asset: | U.S. Dollar LBMA Gold Price PM
|
| Amount: | $790,000
|
| Maturity: | May 11, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain in gold price, capped at 60%; par if gold falls by up to 20%; 1% loss for each 1% drop beyond 20%
|
| Initial price: | $1,270.90
|
| Pricing date: | Nov. 6
|
| Settlement date: | Nov. 9
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.35%
|
| Cusip: | 40054LXS8
|
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