By Sarah Lizee
Olympia, Wash., March 18 – GS Finance Corp. priced $3 million of 0% index-linked notes due Sept. 14, 2023 tied to the Russell 2000 index and 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 each index finishes at or above its initial level, the payout will be par plus 1.23 times the lesser performing index return.
If either index declines by up to 15%, the payout will be par plus the absolute value of the return of the lesser performing index.
If either index declines by more than 15%, investors will lose 1% for every 1% decline of the lesser performing index beyond 15%.
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: | Russell 2000 and S&P 500
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| Amount: | $3 million
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| Maturity: | Sept. 14, 2023
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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 1.23 times the lesser performing index return; if either index declines by up to 15%, par plus the absolute value of the return of the lesser performing index; if either index declines by more than 15%, 1% loss for every 1% decline of the lesser performing index beyond 15%
|
| Initial levels: | 1,264.296 for Russell, 2,741.38 for S&P
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| Buffer levels: | 85% of initial levels
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| Pricing date: | March 11
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| Settlement date: | March 16
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 40056YTY0
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