By Wendy Van Sickle
Columbus, Ohio, Nov. 19 – GS Finance Corp. priced $1 million of 0% leveraged index-linked notes due Nov. 17, 2023 tied 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 positive, the payout at maturity will be par plus 370% of the index gain.
If the index finishes flat or falls by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to the index decline.
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: | Euro Stoxx 50
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| Amount: | $1 million
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| Maturity: | Nov. 17, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 3.7 times index gain; par if index falls by up to 30%; otherwise, full exposure to loss
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| Initial index level: | 3,205.36
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| Pricing date: | Nov. 14
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| Settlement date: | Nov. 19
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 2.05%
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| Cusip: | 40056EGK8
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