By Wendy Van Sickle
Columbus, Ohio, Oct. 12 – GS Finance Corp. priced $1.14 million of 0% equity-linked notes due Oct. 9, 2025 linked to the performance of Walt Disney Co. and NIKE, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the laggard stock finishes at or above its initial value, the payout at maturity will be par plus two times the laggard stock return.
If the laggard stock finishes below its initial value but not lower than 90% of its initial value, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the laggard stock beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Equity-linked notes
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| Underlying stock: | NIKE, Inc. and Walt Disney Co.
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| Amount: | $1.14 million
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| Maturity: | Oct. 9, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If laggard stock finishes at or above initial value, par plus 2 times laggard stock return; if laggard stock declines but finishes at or above 90% of initial value, par; otherwise, lose 1% for every 1% decline of laggard stock beyond 10%
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| Initial price: | $95.89 for NIKE, $79.32 for Disney
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| Buffer level: | 90% of initial level
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| Pricing date: | Oct. 5
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| Settlement date: | Oct. 11
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0%
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| Cusip: | 40057WNA1
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