By Sarah Lizee
Olympia, Wash., Jan. 8 – GS Finance Corp. priced $569,000 of 0% leveraged buffered notes due Jan. 9, 2024 linked 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.
The payout at maturity will be par plus 1.265 times any index gain.
Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% decline in the index beyond 15%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying index: | S&P 500
|
| Amount: | $569,000
|
| Maturity: | Jan. 9, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 1.265 times the gain; par if index falls by up to 15%; 1% loss for every 1% decline in index beyond 15%
|
| Initial index level: | 2,531.94
|
| Pricing date: | Jan. 4
|
| Settlement date: | Jan. 9
|
| Agents: | Goldman Sachs & Co.
|
| Fees: | 4.775%
|
| Cusip: | 40056ER34
|
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