By Taylor Fox
New York, Sept. 14 – GS Finance Corp. priced $1.4 million of 0% leveraged buffered index-linked notes due March 9, 2023 tied to 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 the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain, subject to a maximum payout of $1,208.6 per note
If the index finishes flat or falls by up to 15%, investors will receive par. Otherwise, investors will lose 1% for every 1% index decline 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: | Leveraged buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.4 million
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| Maturity: | March 9, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any index gain, capped at $1,208.6 per note; par if index finishes flat or falls by up to 15%; otherwise, 1% loss for every 1% decline beyond 15%
|
| Initial index level: | 3,426.96
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| Buffer level: | 85% of initial level
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| Pricing date: | Sept. 4
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| Settlement date: | Sept. 10
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.775%
|
| Cusip: | 40057CUV1
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