By Susanna Moon
Chicago, Dec. 27 – GS Finance Corp. priced $749,000 of 0% leveraged notes due Nov. 30, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.3 times any index gain up to a maximum settlement amount of $1,500 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 25% and will be exposed to any losses beyond the buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged notes
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| Underlying index: | Russell 2000
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| Amount: | $749,000
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| Maturity: | Nov. 30, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 130% of any index gain, capped at 50%; par if index falls by up to 25%; 1% loss per 1% decline beyond 25%
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| Initial level: | 1,492.855
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| Pricing date: | Nov. 27
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| Settlement date: | Nov. 30
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.35%
|
| Cusip: | 40056EBY3
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