By Marisa Wong
Morgantown, W.Va., May 1 – GS Finance Corp. priced $2.49 million of 0% index-linked notes due May 1, 2023 linked to the Euro Stoxx 50 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 zero or positive, the payout at maturity will be the greater of the threshold settlement amount, $1,710 per $1,000 principal amount, and par plus the index return.
If the index falls by up to 40%, the payout will be par.
If the index falls by more than 40%, investors will be fully exposed to the decline from the initial level.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,489,000
|
| Maturity: | May 1, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is zero or positive, par plus greater of 71% and index return; par if the index falls by up to 40%; otherwise, full exposure to the decline from the initial level
|
| Initial index level: | 3,506.03
|
| Pricing date: | April 26
|
| Settlement date: | April 30
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 4.35%
|
| Cusip: | 40055AXF9
|
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