By Sarah Lizee
Olympia, Wash., Jan. 7 – GS Finance Corp. priced $839,000 0% buffered digital notes due Jan. 10, 2022 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to 142.5% of the initial index level, the payout at maturity will be the maximum settlement amount of $1,425 for each $1,000 face amount of notes.
If the final index level is greater than or equal to 80% of the initial index level but is less than 142.5% of the initial index level, the payout will be par plus the greater of 10% and the index return.
If the index declines by more than 20%, investors will lose 1.25% for every 1% that the final index level has declined below 80% of the initial index level.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital notes
|
| Underlying index: | S&P MidCap 400
|
| Amount: | $839,000
|
| Maturity: | Jan. 10, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater than or equal to 142.5% of the initial index level, $1,425 for each $1,000 face amount of notes; if the final index level is greater than or equal to 80% of the initial index level but is less than 142.5% of the initial index level, par plus the greater of 10% and the index return; if the index declines by more than 20%, 1.25% loss for every 1% decline beyond buffer
|
| Initial index level: | 1,631.56
|
| Pricing date: | Jan. 3
|
| Settlement date: | Jan. 10
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.5%
|
| Cusip: | 40056ERP5
|
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