By Sarah Lizee
Olympia, Wash., Sept. 4 – GS Finance Corp. priced $11.4 million of 0% capped buffer gears due Sept. 3, 2024 linked to the S&P GSCI Cotton Index Excess Return, 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 1.94 times the index gain, capped at $17.76 per $10 face amount of notes.
If the index finishes at or below the initial level but at or above the downside threshold, 95% of the initial level, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond the 5% buffer.
Goldman, Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Capped buffer gears
|
| Underlying index: | S&P GSCI Cotton Index Excess Return
|
| Amount: | $11.4 million
|
| Maturity: | Sept. 3, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.94 times any index gain, capped at $17.76 per $10 of notes; par if index finishes at or below the initial level but at or above 95% downside threshold; otherwise, 1% loss for every 1% decline beyond 5%
|
| Initial index level: | 34.05645
|
| Pricing date: | Aug. 29
|
| Settlement date: | Sept. 4
|
| Underwriter: | Goldman, Sachs & Co. with UBS Financial Services Inc. as selling agent
|
| Fees: | 1.05%
|
| Cusip: | 36257W848
|
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