By Susanna Moon
Chicago, Dec. 10 – GS Finance Corp. priced $1.35 million of leveraged buffered notes due Nov. 6, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.15 times the index gain.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond the buffer.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered notes
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| Underlying index: | S&P 500
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| Amount: | $1.35 million
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| Maturity: | Nov. 6, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 115% of any index gain; par if index falls by up to 20%; 1% loss per 1% decline beyond 20%
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| Initial level: | 2,740.37
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| Pricing date: | Nov. 1
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| Settlement date: | Nov. 6
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| Agent: | Goldman, Sachs & Co. LLC
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| Fees: | 1.6%
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| Cusip: | 40056E5Y0
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