By William Gullotti
Buffalo, N.Y., June 28 – GS Finance Corp. priced $1 million of 0% bearish absolute return index-linked notes linked to the Nasdaq-100 index due Aug. 12, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above initial level, the payout at maturity will be par.
If the index declines by no more than 40%, the payout will be par plus 1.02 times the absolute value of the index return.
If the index declines by more than 40%, the payout will be par.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Bearish absolute return index-linked notes
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| Underlying index: | Nasdaq-100 index
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| Amount: | $1 million
|
| Maturity: | Aug. 12, 2024
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | Par if index finishes flat or gains; if index falls by no more than 40%, par plus 1.02 times the absolute value of the index return; otherwise, par
|
| Initial level: | 15,042.32
|
| Pricing date: | June 22
|
| Settlement date: | June 29
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.81%
|
| Cusip: | 40057TCS1
|
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