By Sarah Lizee
Olympia, Wash., March 27 – GS Finance Corp. priced $1.51 million of 2% notes due March 30, 2026 linked to the Motif Capital National Defense 7 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
If the index finishes at or above the 114% threshold level, the payout at maturity will be par plus the index return minus 14%.
Otherwise, the payout will be par.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | Motif Capital National Defense 7 ER
|
| Amount: | $1.51 million
|
| Maturity: | March 30, 2026
|
| Coupon: | 2%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above the 114% threshold level, par plus the index return minus 14%; otherwise, the payout will be par
|
| Initial level: | 130.36
|
| Pricing date: | March 25
|
| Settlement date: | March 28
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.4%
|
| Cusip: | 40056F3T0
|
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