By Sarah Lizee
Olympia, Wash., Sept. 25 – GS Finance Corp. priced $2.92 million of 0% leveraged notes due Sept. 23, 2021 linked to an equally weighted basket of two indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket consists of the S&P 500 index and the Euro Stoxx 50 index, each with a 50% weight.
If the basket return is positive, the payout at maturity will be par plus 165% of the basket return.
Investors will receive par if the basket declines by up to 25% and will lose 1% for each 1% decline from the initial level if the basket falls by more than 25%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged notes
|
| Underlying assets: | S&P 500 (50% weight), Euro Stoxx 50 (50% weight)
|
| Amount: | $2,917,000
|
| Maturity: | Sept. 23, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 165% of the basket return; par if the basket declines by up to 25%; 1% loss for each 1% decline from the initial level if the basket falls by more than 25%
|
| Initial levels: | 2,930.75 for S&P, 3,403.12 for Stoxx
|
| Pricing date: | Sept. 20
|
| Settlement date: | Sept. 25
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.675%
|
| Cusip: | 40055QZF2
|
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