By Sarah Lizee
Olympia, Wash., May 16 – GS Finance Corp. priced $766,000 of 0% buffered index-linked notes due May 17, 2024 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 the index return.
Investors will receive par if the index falls by up to 25% and lose 1% for every 1% decline in the index beyond 25%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $766,000
|
| Maturity: | May 17, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus the index return; par if index falls by up to 25%; 1% loss for every 1% decline beyond 25%
|
| Initial index level: | 2,834.41
|
| Pricing date: | May 14
|
| Settlement date: | May 17
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.37%
|
| Cusip: | 40056FCT0
|
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