By Sarah Lizee
Olympia, Wash., Dec. 18 – GS Finance Corp. priced $1.4 million of 0% leveraged buffered index-linked notes due June 17, 2022 tied to the S&P 500 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 1.06 times the index return.
The payout will be par if the index falls by up to 25%.
Investors lose 1% for every 1% decline in the index beyond 25%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.4 million
|
| Maturity: | June 17, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus 1.06 times the index return; par if the index falls by up to 25%; 1% loss for every 1% decline in the index beyond 25%
|
| Initial index level: | 2,599.95
|
| Pricing date: | Dec. 14
|
| Settlement date: | Dec. 19
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.75%
|
| Cusip: | 40056EN61
|
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