By Angela McDaniels
Tacoma, Wash., Oct. 25 – GS Finance Corp. priced $1.45 million of 1% fixed-coupon notes due Oct. 22, 2027 linked to the S&P 500 Daily Risk Control 10% USD Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable annually.
If the final index level is greater than 108% of the initial index level, the payout at maturity will be par plus 1% for every 1% that the index advances beyond 8%. If the final index level is less than or equal to 108% of the initial index level, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Fixed-coupon notes
|
| Underlying index: | S&P 500 Daily Risk Control 10% USD Excess Return index
|
| Amount: | $1.45 million
|
| Maturity: | Oct. 22, 2027
|
| Coupon: | 1%, payable annually
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than 108% of initial index level, par plus 1% for every 1% that index advances beyond 8%; if final index level is less than or equal to 108% of initial index level, par
|
| Initial level: | 200.48
|
| Pricing date: | Oct. 23
|
| Settlement date: | Oct. 28
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.45%
|
| Cusip: | 40056XKH8
|
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