By Wendy Van Sickle
Columbus, Ohio, June 1 – GS Finance Corp. priced $27,000 of 0% leveraged buffered index-linked notes due Dec. 1, 2022 tied to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes above its initial level, the payout at maturity will be par plus 2 times the gain, capped at par plus 21%.
If the index finishes flat or falls by up to 10%, investors will receive par. Otherwise, investors will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered index-linked notes
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| Underlying index: | S&P 500 Value index
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| Amount: | $27,000
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| Maturity: | Dec. 1, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any index gain, capped at par plus 21%; par if index finishes flat or falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 1,063.03
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| Buffer level: | 90% of initial level
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| Pricing date: | May 26
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| Settlement date: | May 29
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.925%
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| Cusip: | 40057E7J0
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