By Wendy Van Sickle
Columbus, Ohio, Aug. 21 – GS Finance Corp. priced $3 million of 0% leveraged buffered index-linked notes due Oct. 5, 2020 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 closes above its initial level, par plus 1.5 times the gain, up to a maximum payout of par plus 12.55%.
If the index finishes flat or falls by up to 10%, investors will receive par. Investors will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Issue: | Leveraged buffered index-linked notes
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| Underlying indexes: | S&P 500
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| Amount: | $3 million
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| Maturity: | Oct. 5, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index closes above initial level, par plus 1.5 times the gain, up to par plus 12.55%; if index finishes flat or falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
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| Initial index levels: | 2,847.6
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| Pricing date: | Aug. 16
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| Settlement date: | Aug. 20
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| Underwriter: | Goldman, Sachs & Co. LLC
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| Fees: | 0.2%
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| Cusip: | 40056X4P8
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