By Sarah Lizee
Olympia, Wash., Sept. 9 – GS Finance Corp. priced $50,000 of 0% leveraged buffered basket-linked notes due Sept. 5, 2024 tied to an equally-weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket will be comprised of the S&P 500 index, the Russell 2000 index and the S&P MidCap 400 index, each with a 33.33% weight.
The payout at maturity will be par plus 1.08 times the basket return if the basket return is positive.
If the basket return is flat or falls by up to 20%, the payout will be par.
Otherwise, investors will be exposed to the losses of the basket beyond the 20% buffer.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group Inc.
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| Issue: | Leveraged buffered basket-linked notes
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| Underlying basket: | S&P 500 index, Russell 2000 index and S&P MidCap 400 index, each with a 33.33% weight
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| Amount: | $50,000
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| Maturity: | Sept. 5, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.08 times the basket return if basket return is positive; par if basket return is flat or falls by up to 20%; otherwise exposure to losses of basket beyond 20% buffer
|
| Initial levels: | 2,926.46 for S&P, 1,494.839 for Russell, 1,881.20 for MidCap
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| Buffer level: | 80% of initial level
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| Pricing date: | Aug. 30
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| Settlement date: | Sept. 5
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.37%
|
| Cusip: | 40056FYA7
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