By Wendy Van Sickle
Columbus, Ohio, Dec. 27 – GS Finance Corp. priced $3.4 million of 0% leveraged buffered notes due Jan. 21, 2021 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 double any index gain, up to a maximum settlement amount of $1,244 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline 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 buffered notes
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| Underlying index: | Russell 2000
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| Amount: | $3.4 million
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| Maturity: | Jan. 21, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any index gain, capped at 24.4%; par if index falls by up to 15%; otherwise, 1.1765% loss per 1% decline beyond 15%
|
| Initial level: | 1,349.229
|
| Pricing date: | Dec. 19
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| Settlement date: | Dec. 27
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.735%
|
| Cusip: | 40056EN79
|
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