By Kiku Steinfeld
Chicago, Dec. 29 – GS Finance Corp. priced $1.51 million of 0% index-linked notes due Aug. 27, 2027 tied to the Stoxx Europe 600 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is greater than or equal to 80% of its initial level, the payout at maturity will be the greater of par plus 41.5% and the return of the least performing index.
If the least performing index falls by up to 20%, investors will be fully exposed to the losses of the worst performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Euro Stoxx 50 index, Stoxx Europe 600
|
| Amount: | $1.51 million
|
| Maturity: | Aug. 27, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its trigger buffer level, greater of par plus 41.5% and return of least performing index; otherwise, exposure to decline of lesser performer
|
| Initial index levels: | 4,147.50 for Stoxx 50, 468.80 for Stoxx Europe
|
| Trigger buffer levels: | 80% of initial levels
|
| Pricing date: | Aug. 20
|
| Settlement date: | Aug. 27
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.25%
|
| Cusip: | 40057J6V3
|
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