Chicago, Nov. 28 – GS Finance Corp. priced $1 million of 0% equity-linked notes due Nov. 26, 2024 tied to the common stock of Eli Lilly and Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
At maturity, the payout will be par plus three times the return of the stock capped at par plus 12.8% if the return is positive.
Investors will receive par if the stock declines but ends above the 75% buffer level.
Otherwise, investors will have a 1% loss for each 1% decline beyond the 25% buffer.
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: | Eli Lilly and Co.
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| Amount: | $1 million
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| Maturity: | Nov. 26, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus three times stock increase capped at 12.8% if stock increases; par if stock declines but ends above buffer level; otherwise, 1% loss for each 1% decline beyond 25% buffer
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| Initial share price: | $592.60
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| Buffer level: | 75% of initial level
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| Pricing date: | Nov. 21
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| Settlement date: | Nov. 27
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 1.25%
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| Cusip: | 40057XBB0
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