By Sarah Lizee
Olympia, Wash., April 8 – GS Finance Corp. priced $2.43 million of 0% index-linked notes due April 3, 2025 tied to the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout will be par plus 1.9 times the return of the lesser performing index.
If either index falls by up to 25%, the payout will be par.
Otherwise, investors will be exposed to any losses of the worst-performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying indexes: | Dow Jones industrial average and Nasdaq-100 index
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| Amount: | $2.43 million
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| Maturity: | April 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 1.9 times the return of the lesser performing index; if either index falls by up to 25%, par; otherwise, investors will be exposed to any losses of the worst-performing index
|
| Initial levels: | 22,327.48 for Dow, 7,889.006 for Nasdaq
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| Barrier levels: | 75% of initial levels
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| Pricing date: | March 30
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| Settlement date: | April 2
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.45%
|
| Cusip: | 40056YWY6
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